The allocation was approved at a meeting of EETC's General Assembly chaired by Minister of Electricity and Renewable Energy Mahmoud Esmat, in the presence of Minister of Planning and Economic Development Ahmed Rostom.
Of the planned investments, 46 percent will go toward completing existing projects, while 54.04 percent will be allocated to new projects, replacement programmes, and regional control centres, according to EETC Chairwoman Mona Rizk.
The investment programme aims to improve the performance and efficiency of the transmission network and strengthen its ability to absorb additional generation capacity as Egypt expands its reliance on renewable energy.
Esmat said EETC plays a central role in the state's energy transition, particularly in efforts to increase renewable-energy use and reduce dependence on conventional fuels.
He said the company is implementing an ongoing programme to improve grid efficiency and ensure that the transmission network can accommodate new renewable-energy generation capacity, while also continuing the transition from a conventional network to a smart grid.
The minister stressed that upgrading and modernizing the transmission network across different voltage levels is being carried out in line with international standards, with a focus on using resources and assets efficiently and improving the economic operation of the grid.
Expanding transmission capacity
Esmat said EETC is working to increase transformer-substation capacities and expand extra-high- and high-voltage transmission lines and cables in coordination with the Egyptian Electricity Holding Company and electricity distribution companies.
The company is also implementing extra-high- and high-voltage transmission projects while working to improve the network's efficiency and stability, he said.
The efforts are part of Egypt's broader plan to become a regional energy hub through electricity interconnection projects with neighbouring countries, according to the minister.
EETC is also working to regulate electricity sales and purchases in accordance with rules approved by the Egyptian Electric Utility and Consumer Protection Regulatory Agency, with the aim of meeting electricity demand and addressing expected growth in system loads.
Measures to reduce technical losses
Rizk said the company is taking measures to improve technical-loss rates across the transmission network, including maintaining voltage levels and improving power factors on extra-high- and high-voltage networks.
The measures include installing reactive-power compensation units, optimizing load distribution, conducting thermal imaging of equipment, and continuing to replace and upgrade voltage systems.
The company is also working to strengthen the role of the National Energy Control Centre and regional control centres, with three regional control centres currently being implemented and upgraded in the Delta, Cairo, and Alexandria regions.
The ministry said the investment programme is intended to ensure stable and continuous electricity supplies and support Egypt's sustainable development plans, particularly strategic projects to establish new urban, industrial, and agricultural communities.
Esmat said developing the transmission network relies on the company's human capital and the accumulated technical expertise of its employees to improve grid efficiency and ensure stable operation.
The minister concluded by commending EETC's efforts to strengthen the transmission network nationwide, describing reliable electricity supplies as a key pillar of Egypt's development and reconstruction plans and the delivery of improved services to citizens.
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