Egypt plans to be an electricity transfer and circulation regional hub in 2018, as the county will be able to export its surplus of electricity during 2018, Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, stated, according to Daily News Egypt.
Egypt’s electricity ministry has already doubled the state’s electricity production capacity and has increased distribution and transmission projects recently, Shaker pointed out, adding that his ministry has provided its consumers with their demands and it is currently improving generated power’s quality.
The electricity surplus is planned to be exported to Libya, Jordan, Saudi Arabia, and some African countries, Shaker highlighted.
The ministry of electricity is studying increasing solar energy tariff for less than 500 KW solar power plants, as the tariff was decided upon before the liberalization of exchange rate.
Additionally, the Egyptian Electricity Holding Company (EEHC) is working with the Ministry of Military Production and the Ministry of Petroleum and Mineral Resources, in order to conduct maintenance work on EEHC’s power plant, Shaker said.
Therefore, the ministry is aiming to increase electricity production is order to secure the money required for maintenance instead of depending on foreign companies to finance them.