This approval is part of the state's efforts to accelerate the integration of renewable energy capacities, in response to the increasing demand for electricity, while contributing to reducing dependence on fossil fuels, in line with the approved energy strategy.
El-Khatib explained that between now and 2030, Egypt will add 23 gigawatts of renewable energy, with the exception of 4.8 gigawatts from a nuclear power plant.
In a statement released on Monday, the embassy noted that the project aims to provide stable and clean electricity to support the utilization of oil and gas resources, while also promoting the use of low-carbon, local green energy sources.
The talks focused on ensuring stable fuel supplies for power plants, accelerating the integration of renewable energy projects into the national grid, and more
The project, designed to supply clean electricity to Egyptalum’s aluminum complex in Nag Hammadi, involves an estimated investment of $650 million across two phases.
