Global Arab Network | Egypt invests US$ 110 billion in Electricity sector & wind power

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Egypt invests US$ 110 billion in Electricity sector & wind power

Global Arab Network - - Rabih Serrai

Thursday, 27 May 2010 01:11

Egypt's Electricity Minister Hassan Younis said at a speech of the energy forum for the Middle East and North Africa 2010, held in Cairo, that his ministry has put to tender projects that aim to generate 1,000 megawatts of wind power this year.

Younis said his ministry has laid out a plan to ratchet up the capabilities of the national network until 2027, noting that the projects included are estimated to cost US$ 110 billion.

The electricity sector adopts a scientific approach to face the challenge of a growing power demand, including plans to diversify energy sources and promote renewable energy projects, he said.

The ministry also aims to seize opportunities to cooperate with local and regional partners to set up projects that would benefit both sides.

Younis went on to say that the ministry aims to help provide the investments necessary to set up power projects and upgrade electricity linkage projects. (SIS)

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