The meeting brought together Prime Minister Mostafa Madbouly, Minister of Electricity and Renewable Energy Mahmoud Esmat, and Ahmed El-Abd, chairman of Concord Engineering and Contracting Company.
According to a presidential statement, the strategy requires greater use of battery energy storage systems to strengthen the national grid and ensure a stable and reliable electricity supply.
In recent years, Egypt has accelerated investments in renewable energy and electricity infrastructure to meet rapidly growing domestic power demand, reduce fuel import costs, and position itself as a regional hub for clean and green energy.
Egypt’s renewable energy expansion focuses primarily on solar and wind power projects in Upper Egypt, the Gulf of Suez, and Red Sea coastal areas, which benefit from some of the world’s highest levels of solar radiation and strong winds.
During the meeting, Minister Esmat said total investment in Egypt’s electricity and renewable energy sector had reached about EGP 5 trillion since 2014.
The meeting also discussed the role of international partners in providing technical support and financing for renewable energy projects, which the presidency said would help strengthen Egypt’s position as a regional hub for energy and electrical equipment manufacturing.
El-Sisi stressed the importance of supporting different forms of partnership, particularly those involving locally manufactured equipment and energy storage batteries.
He called for greater local production of renewable energy-related equipment as part of efforts to strengthen energy security and support the country’s green transition.
The president also directed the development of local manufacturing in black sand processing, value-added industries, fertilizers, and rare earth elements, according to the statement.
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