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Prime Minister Mostafa Madbouly chaired a meeting on Sunday at the government headquarters in the New Administrative Capital to review the progress of ongoing energy projects and discuss initiatives to attract further investments into the sector.

At the start of the meeting, the Prime Minister reaffirmed the state’s strong focus on the energy sector, emphasizing the government’s ongoing efforts to create an investment-friendly environment capable of attracting additional local and foreign capital. He highlighted the importance of meeting growing developmental and consumption needs, optimizing Egypt’s available resources, and seizing promising investment opportunities—particularly in electricity generation from new and renewable energy sources.

According to Cabinet spokesperson Mohamed El-Homsany, the meeting reviewed the status of several energy projects currently underway nationwide, along with proposed timelines for connecting their output to the national power grid. Discussions also addressed preparations to enhance the efficiency of electricity networks and transmission lines to accommodate the additional power generated by these projects.

El-Homsany added that the meeting considered energy projects offered under the government’s asset offering program, which aims to boost private sector participation across various economic activities, accelerate development projects, and attract more domestic and foreign investment into the energy sector.

The meeting also reviewed existing cooperation and partnerships with international companies involved in implementing large-scale renewable energy projects in Egypt. These partnerships are expected to facilitate knowledge transfer and support the achievement of targeted objectives for increasing the share of new and renewable energy in the national energy mix.

The Prime Minister emphasized that expanding renewable energy capacity remains a strategic priority, forming a key component of Egypt’s broader vision for sustainable development and long-term energy security.

Source: Daily News Egypt