Egypt to invest $2.6bln in electricity sector in FY2023/24

Reuters Images

The public sector monopolizes about 85% of total investments, while the private sector makes up 15

Staff Writer, Arab Finance

March 3, 2024

PHOTO

Egypt targets total investments worth EGP 81.4 billion in the electricity and energy sector during the current fiscal year (FY) 2023/2024, the Egyptian Ministry of Planning and Economic Development stated.

The public sector monopolizes about 85% of total investments, while the private sector makes up 15%.

Egypt aims to increase the electricity sector’s production at current prices by about EGP 632 billion by the end of the FY.

The government also plans to increase the sector’s output to about EGP 275 billion by the end of this FY at the current price level.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.