The Egyptian electricity sector’s debts to the oil and gas sector have risen above EGP 110 billion due to the fuel consumption at electricity generating power plants, petroleum sector sources told Amwal Al Ghad.
Operations start at new gas-powered plants – such as the Beni Suef, Burullus, and the New Administrative City plants – will raise the amount of natural gas needed by the electricity sector, the sources explained.
More than 60% of Egypt’s natural gas output currently goes towards electricity generation.
The petroleum and electricity ministries are negotiating the mechanisms of paying and rescheduling the debts, which will enable the petroleum sector to keep feeding electricity power plants, especially after adding a number of combined-cycle stations to production.