Egypt Secures Electricity Supply Ahead of Summer Demand

On Tuesday, Egypt's Minister of Electricity, Mahmoud Esmat, and Minister of Petroleum, Karim Badawi, met to coordinate fuel supply and manage the electricity grid in anticipation of a summer peak demand expected to rise by 8% above last year's record peak of 40,000 megawatts. According to a joint ministry statement, both ministries are working to ensure adequate fuel supply for power plants to maintain grid stability during this peak demand period.

The electricity sector plans to add 2,200 megawatts of renewable energy capacity and 1,300 megawatts of battery storage to the national grid this year. Fuel consumption per kilowatt-hour has already been reduced to below 170 grams.

Badawi mentioned that liquefied natural gas (LNG) regasification vessels are operating with high efficiency to supplement domestic gas production from the Damietta LNG export terminal. Egypt experienced severe rolling blackouts in 2023 and is relying on foreign funding to stabilize its power grid in 2024.