Dr. Mohamed Shaker, the Egyptian Minister of Electricity and Renewable Energy, has affirmed that the investment required for integrating the anticipated new and renewable energy capacities of 126,000 megawatts is estimated at $30 billion. He emphasized that this plan encompasses implementation at a voltage of 1000 kilowatts.
An international consultant from Belgium has been engaged to conduct a comprehensive study on the costs associated with reinforcing and expanding Egypt’s electricity transmission network. This upgrade is intended to accommodate the capacities of upcoming renewable energy projects. The goal is to utilize these capabilities for green hydrogen production and electrical connection projects.
The study is expected to be finalized within the next several months and is primarily aimed at determining the necessary enhancements to the electricity transmission network. This will enable it to support approximately 126,000 megawatts of renewable energy in the forthcoming years.
Dr. Shaker revealed that there is a strategic plan with the objective of relying on renewable energies for 50% of the total capacity of the national electricity grid by 2040, which would amount to 142,000 megawatts.
In the context of the “green plan,” the government aims for an even more ambitious target of relying on renewable energies for 57% of the total capacity, which would equate to 159,000 megawatts by the year 2040.