Egypt says GERD talks with Ethiopia 'stumbled', next round in Khartoum in October    Saudi Arabia to invite UN experts to investigate oil attack: statement    Oil tanker bottleneck builds at Saudi ports after attacks    North Korea leader Kim invited Trump to Pyongyang in letter: report    UEFA Champions League group stage fixtures (1st matchday)    Biggest oil price surge since 1991 as 'locked and loaded' US points finger at Iran for attack    Egyptian navy rescues tourists aboard yacht adrift in Red Sea    Tutankhamun Opera to debut with inauguration of Grand Egyptian Museum: Zahi Hawass    Egyptian transport start-up Swvl plans IPO in 5-10 years    Kessie and Lukaku subjected to more racism in Italy    Juventus 'ultra' fan leaders arrested in tickets probe    Oil majors curb FTSE losses as crude surges after Saudi attacks    Egypt's Tourism Minister Al-Mashat holds several meetings on sidelines of UNWTO session    Egypt court sentence 6 to death for joining terrorist group, manufacturing explosives; 8 acquitted    New academic building in Bahrain to be completed in Q4    New York moves to prohibit flavored e-cigarettes after Trump ban move    Brexit will be delayed again when PM Johnson's deal falls: Nigel Farage    Dollar drops, oil-exporter currencies climb after Saudi attacks    EU funding Egypt's annual developmental projects at €1.1bn – minister    European markets to open lower on geopolitical tensions, weak Chinese data    Egyptian gov't working to remove trash in Ismailia    'Al-Daheeh' host Ahmed El-Ghandour shortlisted for IBC's first 'Young Pioneer' award    Egypt forces kill group of terrorists in North Sinai, four policemen wounded: Ministry    Iran dismisses as ‘pointless' U.S. claims about Aramco attacks    Egypt's Zamalek suffer surprise 2-1 defeat at Senegal's Generation Foot    Ukraine poised to seal 3-year IMF loan of $5bn    Egypt's Sisi discusses education, terrorism at national youth conference    Sisi to open 8th edition of the National Youth Conference Saturday    Spotify buys music production marketplace SoundBetter    Egypt's Ahly striker Amr Gamal joins Talae El-Geish for 2 seasons    Shikabala left out of Egypt's Zamalek squad for Generation Foot clash    Egypt, UK sign deal to establish branch of London School of Economics at New Administrative Capital    8th edition of Egypt's National Youth Conference to start Sunday    Egypt's PM discusses details of Al-Hussein Mosque renovation    Egypt's Baron Empain Palace to be reopen after renovation    Court sentences six to death, 41 to lifetime imprisonment violence related case    Trump says he would release Mideast peace plan after Israeli elections    NBE announces EGP 2.5m prizes for handball youth teams for their world achievements    ACWA Power compares 3 bids to supply production units for Luxor power station    What do you know about gold alloying?    Jennifer Lopez evokes Egyptian outrage post her North Coast performance    Cairo's historic Tahrir square to be renovated – PM    Al-Sisi honours Egypt's scholars on Science Day    IS claims responsibility for suicide bombing killing 63 in Afghan wedding    Political parties gear up for parliamentary, senate, local elections    Unprecedented Glory: Egypt win Men's U-19 World Handball Championship    12th National Egyptian Theatre Festival fuel up public theatre art scene    Ministry of Environment has a plan for "black clouds season"    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Egypt reconsider its 2030 plan of expansion in building power plants
Stability of energy demand drives the government to relocate some stations
Published in Daily News Egypt on 01 - 08 - 2019

The Ministry of Electricity has decided to amend its previous plans for the implementation of electricity production projects until 2030, after the stability seen in energy demand growth, and increasing surplus.
A government source told Daily News Egypt that officials from the Ministry of Electricity will hold meetings with their counterparts in the ministries of finance, petroleum, and planning to discuss possible scenarios for power project, and decide which of them to follow based on the actual demand growth rate.
The sources explained that there is currently a low growth in energy demand, which raised the possibility of postponing some planned power projects.
The electricity sector is looking for ways to get out of this problem, whether by studying the acquisition offers of the new power stations in New Administrative Capital, Burullus, and Beni Suef to cut Egypt's debts while bringing in much-needed foreign investment.
The source added that there is currently about 15GW surplus of electricity production per day.
"Since the electricity interconnection projects with Saudi Arabia, Cyprus, Greece, and Sudan still need more time," they explained, adding that in case their implementation was accelerated, the surplus would still cover the electricity exports, which would range between 10GW and 13GW.
Sources in the Ministry of Electricity said that the projects that might be postponed include a coal-fired plant in Oyun Musa with a capacity of 2,640MW, and another in Damanhour.
In 2016, the Ministry of Electricity set a long-term plan for the implementation of electricity production projects until 2030 with a capacity of 51.7GW and total investments of $135.3bn.
According to the ministry's strategy to diversify the power resources, by the end of 2029/30, the contribution of natural gas and mazut power stations will be about 49%, followed by 15% from coal-fired plants, 26% from solar, thermal, and wind power; 3% from gas and diesel plants; about 4% from nuclear plants, and 3% from hydroelectric plants.

Clic here to read the story from its source.