The official gazette in Egypt published President Abdel Fattah el-Sisi's decision regarding the allocation of lands for the establishment of renewable energy plants for electricity generation. Sisi's decision stipulated that specified parcels of land in the Red Sea and Suez governorates from the areas owned by the state are to be allocated to the New and Renewable Energy Authority for the purpose of establishing renewable energy plants in accordance with the relevant laws and regulations.
In this context, Egyptian Prime Minister Mostafa Madbouly stated at a press conference on Thursday that Cairo has contracted for all necessary fuel shipments to end electricity outages in the summer. Egypt is experiencing a gas supply shortage that has led to a wave of power outages and the temporary forced shutdown of chemical and fertilizer factories.
The Egyptian Natural Gas Holding Company (EGAS) requested the delivery of 17 shipments of liquefied natural gas, including 7 shipments in July, 6 in August, and 4 in September on a delivered ex-ship (DES) basis, with deferred payments of up to 6 months. The supply of natural gas, which helps Egypt generate electricity, has dwindled amid a growing population of 106 million and urban growth, leading to increased energy needs, while rising demand for cooling during the summer has further escalated consumption.
