Egypt Planning to Emerge as the Regional Electricity Transmission and Transaction Hub in 2018

On 4th, December, the Minister of Electricity and New Energy of Egypt Mohammed Shaker commented that the electricity capacity in Egypt has doubled over the past years, power transmission and transformation improved significantly. Egypt planned to become the regional electricity transmission and transaction hub in 2018 to guarantee the power supply and the quality advancement of electricity, and export extra electricity to Jordan, Libya, Saudi Arabia and some African countries. Egypt’s Ministry of Electricity will adjust the feed-in tariff of the solar power project of which the installed capacity is less than 500 kW. At present, the electricity holdings company in Egypt is cooperating with the Ministry of military production and petroleum, in preparation for building the power plant maintenance company in 2018 to save government’s expenditure in maintenance. (Source: Daily News of Egypt)