Amid the hullabaloo of a huge investment conference, Cairo has lined up power projects which could almost double its existing generating capacity of 31.45GW. This target is ambitious, but so are Egypt’s broader economic plans.
Egypt’s Ministry of Electricity signed preliminary agreements for 30.39GW of power generating capacity worth a combined $43.4bn at the 13-15 March Egypt Economic Development Conference in Sharm Al-Shaikh. The scale of the envisaged developments is huge, and is in keeping with the government’s total investment plan of almost $175bn, which includes spending $45bn on a new capital city (see p20). (CONTINUED - 1220 WORDS)