Egyptian President, Abdel Fattah Al-Sisi, has urged stepped-up efforts to expand investment in renewable energy to localise production of equipment used in the sector.
Egypt’s energy strategy focuses on sustainability, new investments, and boosting domestic production of green technology components.
Daily News Egypt, a partner of TV BRICS, reported this.
During discussions with Prime Minister Mostafa Madbouly, and Minister of Electricity and Renewable Energy, Mahmoud Essmat, the president reviewed Egypt’s updated energy strategy, with an emphasis on clean energy, grid resilience, and industrial self-sufficiency.
Presidential spokesperson, Mohamed El-Shennawy, said the meeting addressed several key issues, including the diversification of Egypt’s energy mix, the integration of renewable sources and battery storage technologies.
It also addressed efforts to improve the performance of the national electricity grid through interconnection projects with neighbouring countries.
Mahmoud Essmat revealed that an additional 2,000 megawatts of renewable energy capacity is planned, with investments estimated at $2.3 billion.
The agenda also covered efforts to enhance local manufacturing in the energy sector, including cooperation with leading international firms to establish domestic production facilities for storage batteries and wind turbines.
The move is part of a broader strategy to strengthen Egypt’s industrial base and reduce reliance on imports.
The current installed renewable capacity stands at 8,031 MW, derived from wind, solar, and hydroelectric sources.
The officials also reviewed projections under Egypt’s Integrated and Sustainable Energy Strategy, including solar and wind additions expected by mid-2028 and long-term goals for 2030.