· According to the Egyptian Cabinet’s Information and Decision Support Center (IDSC), Egypt’s non-hydroelectric renewable energy sector will continue to attract investments during the current period until 2030.
· A report by Fitch Rating, the US credit rating agency has also projected that Egypt’s energy sector will see continuous growth during the next decade.
According to the Egyptian Cabinet’s Information and Decision Support Center (IDSC), Egypt’s non-hydroelectric renewable energy sector will continue to attract investments during the current period until 2030. A report by Fitch Rating, the US credit rating agency has also projected that Egypt’s energy sector will see continuous growth during the next decade.
IDSC statement revealed that Egypt’s focus would be mainly on thermal energy until 2030 with the energy generated from natural gas accounting for the majority share of the thermal energy generated. Fitch’s report also states that with the growing competitiveness and the fall in equipment prices, solar and wind energy have become the cheapest sources of electricity in Egypt. These factors can push Egypt as an important regional center for the production and export of electricity. The report has also predicted several investment opportunities to come up in the energy transmission and distribution sector. The continuous flow of investments to upgrade the energy network infrastructure, strengthening of public infrastructure to facilitate the production and transmission of renewable energy, etc are expected to cut energy distribution losses and strengthen energy security in Egypt.
