Egypt Launched Sustainable Energy Strategy

Egypt Launched Sustainable Energy Strategy

The Egyptian Prime Minister, Sherif Ismail, signed off on the country’s 2035 Sustainable Energy Strategy during a meeting with the Egyptian Supreme Council of Energy, reported Amwal Al Ghad.

The strategy covers three segments, which included the restructuring of the gas sector, the promotion of energy efficiency, and combating global warming by lessening greenhouse gas emissions.

Cabinet Spokesperson, Hossam Qawesh, stated that Ismail confirmed the necessity of reviewing the strategy every 3 years and reducing the consumption of fossil fuel represented in petroleum and coal, gradually from 96% to 81% of the country’s energy mix by the fiscal year 2034/2035.

The meeting discussed the strategy in light of the prospected natural gas and crude oil production due to recent gas discoveries. Talks extended to the construction of the first coal-run power station by 2021, as well as Egypt’s production of nuclear energy through the first nuclear power plant with a capacity of 1.2MW within 2024/2025. This power plant will be followed by 3 additional facilities with a total power generation capacity of 3.6GW.

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Sarah Samir 3751 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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