Egypt Energy

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New discoveries have brought confidence that natural gas imports, currently the primary fuel source for Egypt’s power plants, will decline significantly once the fields start producing. The government will no doubt be looking to this new production to supply the ever-increasing demand, leading to energy self-sufficiency and, eventually,...

 

How has the sharp decline in global oil prices impacted investment in Egypt?

 

As Egypt looks to raise its generation capacity to meet rising demand, the government is seeking to attract independent power producers (IPPs) to a newly liberalised market. Renewable energy plans for 2015-23 call for 920 MW to be provided by IPPs, in addition to the 3.2 GW of government-operated projects and 1.25 GW generated under build-own-...

 

The significant increase of electricity prices throughout 2017, coupled with other economic reform measures, placed considerable strain on both individual Egyptians and businesses in the country. Households and firms alike are banking on this short-term pain leading to long-term gain in the form of new investments across industries.

 

For decades Egypt has been one of Africa’s largest petroleum producers. Though political unrest has diminished this capacity somewhat in recent years, the country is now hoping to attract further international interest as an exploration site and a production centre. It is aided in this effort by significant offshore and onshore discoveries, a...

 

What are the biggest financial pressures faced by renewable energy companies in Egypt?

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