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English news

13-Mar-2017

Government sets up strategy to make use of excess power capacity

The government set up a strategy to make use of the current excess power capacity of 5,500MW, which would go up to 10,000MW upon commencement of commercial operations in Beni Suef, Burulus and New Capital plants, according to government sources speaking to Al Borsa. Power capacity is set to reach 44 GW by next summer, factoring in capacity additions and power plant maintenance projects. The plan includes reducing utilisation at high-energy-consuming plants that are currently operational at full capacity, as well as re-connecting electricity to manufacturers and  investors that were previously cut off. The government’s plan also includes exporting excess capacity to neighbouring counties, where  the government had started the necessary steps to connect the 5GW capacity to Saudi Arabia, Jordan, Syria, Lebanon, Iraq, Morocco, Libya, Tunisia and Algeria, a project that aims at establishing efficient grid connections throughout MENA, to later develop a MENA electricity market with Egypt as a hub. 

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