Egypt - Ekhbary News Agency
President El-Sisi Stresses Need for Studied Expansion in New and Renewable Energy Projects
In a move to bolster Egypt's position as a leading regional hub for green energy, President Abdel Fattah El-Sisi has underscored the necessity of a carefully planned expansion in new and renewable energy projects, alongside a reduction in reliance on traditional fuels. This strategic direction aims to foster a balanced energy mix that meets sustainable development needs and contributes to the stability of the national economy.
These directives were issued during a significant meeting chaired by President El-Sisi, attended by Prime Minister Dr. Mostafa Madbouly, Minister of Electricity and Renewable Energy Eng. Mahmoud Esmat, and Minister of Petroleum and Mineral Resources Eng. Tarek El-Molla. The meeting provided a comprehensive review of current and future projects in the renewable energy sector, including targeted additions of wind and solar power capacities, as well as energy storage systems designed to enhance the stability of the national electricity grid, in alignment with Egypt's Energy Strategy 2030.
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Integrated Efforts to Accelerate the Transition to Clean Energy
During the meeting, President El-Sisi directed continued integration of efforts among the Ministries of Electricity and Renewable Energy, Petroleum and Mineral Resources, and Finance. This initiative is intended to expedite the incorporation of additional clean energy capacities and ensure the provision of necessary funding for these vital projects. The move is part of the state's commitment to ensuring the stability of the national electricity grid and optimizing the utilization of available resources to meet growing development demands.
Ambassador Mohamed El-Shenawy, official spokesperson for the Presidency, stated that the meeting involved a thorough review of the progress of ongoing projects in the new and renewable energy sector. The capacities targeted for addition from wind and solar power, as well as energy storage systems that will bolster the national electricity grid's stability, were also discussed. These steps are crucial components of the Energy Strategy 2030, aimed at ensuring the sustainable fulfillment of the increasing energy demand.
Energy Strategy 2030: Enhancing Sustainability and Achieving Goals
Minister of Electricity and Renewable Energy, Eng. Mahmoud Esmat, highlighted that the current year, 2026, will witness the addition of 2500 megawatts of renewable energy connected to the unified grid, thereby enhancing the sustainability and stability of the national electricity system. The Minister emphasized ongoing efforts to improve the efficiency of production units, reduce dependence on fossil fuels, and achieve a balanced energy mix. He stressed that the current focus is on revising the energy strategy to ensure that renewable energy sources meet at least 42% of Egypt's needs by 2030 at the latest.
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Minister of Petroleum and Mineral Resources, Eng. Tarek El-Molla, for his part, presented the efforts being made to settle the dues of companies operating in Egypt, in implementation of President El-Sisi's directives to clear all arrears before the end of June 2026. He also reviewed the discoveries made and reserves added in oil and gas, along with the exploration and development drilling plan for 2026. The Minister affirmed the continuous efforts to rationalize and reduce the consumption of petroleum products and natural gas, contributing to the achievement of sustainable development goals.
