Egypt s President Abdel-Fattah El-Sisi meets with Prime Minister Mostafa Madbouly and Minister of Electricity Mohamed Shaker. Egyptian Presidency
El-Sisi made the remarks on Sunday in a meeting with Prime Minister Mostafa Madbouly and Minister of Electricity and Renewable Energy Mohamed Shaker, presidential spokesman Bassam Rady said in a statement.
The meeting touched on the projects executed by the Ministry of Electricity nationwide, especially in the new and renewable energy sectors, as well as electricity linkage projects with neighboring countries.
Shaker reviewed the projects that aim to generate electricity from new and renewable energy sources, which are implemented in cooperation with foreign companies, the statement said.
This comes within the framework of Egypt's strategy for integrated and sustainable energy that targets increasing the contribution of renewable energy to the electric energy mix to reach 42 percent by 2035.
The spokesman noted that the president was briefed on the latest updates in electricity linkage projects with neighboring countries, especially Saudi Arabia, Greece and Cyprus.
Egypt, Cyprus, and Greece signed a major deal to link their power grids in October last year as the three countries have worked on intensifying their trilateral cooperation mechanisms over the past decade.
In mid-October, Egypt signed an accord with Cyprus on linkage between the two countries’ electricity transmission networks. Two days earlier, Egypt also signed with Greece an agreement on an undersea cable that will transmit power from North Africa to Europe.
Earlier in the same month, Egypt and Saudi Arabia awarded contracts to two companies for the implementation of a project to link their power grids and allow the exchange of up to 3,000 MW of electricity at a value of $1.8 billion.
Since 2014, the Egyptian government has been working to expand renewable energy sources to ensure energy security and has partnered with development banks to attract private investments in the renewable energy sector.
Under its Integrated Sustainable Energy Strategy (ISES), Egypt aims to increase the supply of electricity generated from renewable sources to 42 percent by 2035.
Egypt aims in the coming years to reduce carbon emissions, promote the use of renewable energy sources, and use alternative energy forms as part of the National Climate Strategy 2050 announced by the government in May.