Egypt Allocates EGP 60 Billion To Strengthen Electricity Grid For Renewable Energy Expansion

Egypt is taking significant steps to strengthen its electricity infrastructure as it prepares for a major expansion of renewable energy capacity. Prime Minister Mostafa Madbouly attended the signing of a financing protocol on June 14, 2026, aimed at supporting projects that will upgrade and expand the country’s national electricity grid.

The agreement was signed by the ministers responsible for electricity, finance, and planning. Under the protocol, EGP 60 billion will be allocated to the Egyptian Electricity Transmission Company to improve its financial and operational capabilities. The funding is expected to help modernize transmission networks and ensure that the grid can accommodate increasing volumes of renewable energy generation.

Speaking at the event, Prime Minister Madbouly emphasized the government’s commitment to expanding renewable energy projects and increasing their share in Egypt’s overall energy mix. He noted that these efforts form an important part of the country’s broader green economy and sustainable development strategy. He also stressed the need for continued investment in transmission infrastructure to support future renewable energy additions.

Minister of Electricity and Renewable Energy Mahmoud Esmat said that grid modernization remains an ongoing priority. According to him, strengthening the electricity network is essential to integrate new renewable energy projects and meet growing power demand across the country. He added that Egypt is accelerating the development of solar and wind energy projects and aims to increase the share of renewables in the national energy mix to 45% by 2028 while maintaining a reliable electricity supply.

Minister of Finance Ahmed Kouchouk stated that the government continues to support the transition toward renewable energy through investments in electricity infrastructure. He said these efforts will help ensure sustainable energy supplies and encourage investments in industrial, productive, and export-oriented sectors.

Meanwhile, Minister of Planning and Economic Development Ahmed Rostom described the financing protocol as an example of strong coordination between the government’s financial and investment strategies. He said the EGP 60 billion investment would strengthen infrastructure, attract domestic and foreign investment, and support private-sector-led economic growth.