Egypt plans to develop 54GW of power capacity by 2022: Report
Energy-hungry Egypt plans to add 54 gigawatts (GW) to its power capacity by 2022 as the country has already devised a comprehensive energy strategy to keep pace with rising local demand and ease pressure on the national electric network.
According to a report by MEED Insight, Egypt’s energy strategy seeks to diversify power supplies, upgrade and expand the national power grid, and boost energy efficiency.
The Egyptian government plans to see an additional 21GW of power coming from LNG- and fuel-run generation plants; 12.5GW from coal-fired stations and two to four gigawatts from nuclear power.
The report, parts of which were highlighted by Youm7, indicates that the value of major power contracts sealed between September 2014 and September this year in the Middle East and North Africa region amounted to $65 billion.
According to the report, the fourteen regional countries included and analysed in the report are required to increase their combined power generation capacity to 143,221 megawatts by 2020, up by 50 per cent from the current power generation capacity as demand continues to rise.
($1 = AED3.67, at the time of publishing)