Egyptian President Abd Al-Fattah Al-Sisi, noted during yesterday’s speech that factories are currently not operating at full capacity due to lack of natural gas, promising that “by the end of this November there will not be any problems in natural gas in Egypt,” reported Egypt Oil & Gas.
Sisi discussed electricity, explaining that the country has been trying to resolve the energy crisis over the past year and a half, in particular seeking to improve the electricity infrastructure.
He stressed the importance of a steady electricity supply in attracting investment, pointing out that 6,000 MW of electricity has been pumped into the national grid this year.
In addition, the amount will be boosted by 4,000 MW in 2016, and another 10,000 MW will be added in May 2017.
Upgrading the country’s electricity infrastructure cost the government EGP 150b, Sisi stated.