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Cairo-based Taqa Arabia is expanding its operations in Egypt across a range of power-related subsectors, capitalizing on the opportunities offered by the country’s race to bridge a looming power supply chasm.
Egypt’s widening supply/demand gap results from a rapid decline in domestic gas output (see p20) and chronic underinvestment in power infrastructure, itself the result of four years of political instability.
Cairo has ambitious plans to almost double domestic power generation capacity from around 31.5GW, but government faces a steep challenge in tackling both short and medium term supply crises. Peak demand reached 28.25GW in summer 2014, and could rise by 6% this year, according to Electricity Minister Muhammad Shakir. (CONTINUED - 1194 WORDS)