Planning: Egypt Invested EGP 866 Bln in Energy Sector during 8 Years

The Egyptian state succeeded in transforming the generated electric power deficit into a surplus during the 8 years through the implementation of several projects, including the production and generation of electric power.

A report issued by the Ministry of Planning and Economic Development indicated that the volume of public investments directed to the electricity and renewable energy sector amounted to about EGP 449 billion, during the previous eight years (14/2015-21/2022), compared to EGP113 billion during the previous eight years (2007/06). – 13/2014), with a growth rate of 297 percent, as the annual public investment directed to the sector increased from about 12 billion pounds in (13/2014) to EGP 42.3 billion, with a growth rate of about 253%.

The report indicated that the value of public investments in the energy (electricity) sector amounted to about EGP 886 billion during the previous eight years (14/2015-21/2022), compared to about  EGP 265 billion during the previous eight years (2007/06-13/ 2014), with a growth rate of 234%.