On track on energy

Read the full article here.

Egypt’s ambition to be a regional energy hub is getting more tangible by the day, with the agreement of further electricity interconnection and gas export deals.

The most recent news on this path to the energy hub is related to electricity interconnections. Last week, Egypt and Libya resumed talks to upgrade their electricity interconnection with the goal of increasing Egypt’s capacity from the current 150 MW to 2 GW, to help in dealing with the severe electricity shortage in eastern Libya by exporting part of Egypt’s electricity surplus.

Egypt is expanding its grid connections with massive investments. The allocations for electricity sector investments during the current fiscal year are LE136.3 billion, almost double last year’s level, to lift generation to 235 billion kWh by June, supporting exports and cross-border energy exchanges.

The country currently has interconnection links with Jordan, Sudan, and Libya and is working on an interconnection with Saudi Arabia.

Egypt is also positioning itself as a bridge between Eastern Mediterranean renewable energy producers and European markets. This strategy builds on a series of interconnection agreements with Cyprus and Greece aimed at integrating the region’s power networks and facilitating the cross-border electricity trade.

Source: Wikipedia