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President El-Sisi Meets Ministers of Electricity and Petroleum to Discuss Energy Strategy

Cairo: President Abdel Fattah El-Sisi convened with Prime Minister Dr. Moustafa Madbouly, Minister of Electricity and Renewable Energy Engineer Mahmoud Esmat, and Minister of Petroleum and Mineral Resources Engineer Karim Badawi. The meeting's agenda focused on the advancement of renewable energy projects and strategies to bolster the national electricity grid.

According to State Information Service Egypt, the discussions highlighted the integration of wind and solar energy and battery storage systems in alignment with Egypt's 2030 energy strategy. The review also included the status of contracted capacities aimed at enhancing grid stability to accommodate the growing energy demand.

Engineer Mahmoud Esmat emphasized that 2026 will see the integration of 2500 megawatts of renewable energy into the unified grid, which is crucial for maintaining the electricity system's sustainability and stability. He reiterated the efforts to improve production efficiency, reduce fossil fuel reliance, and ensure that renewable sources meet 42% of energy needs by 2030.

Minister of Petroleum and Mineral Resources Engineer Karim Badawi discussed the progress in settling arrears with companies operating in Egypt, following the President's directive to clear all dues by June 2026. He also provided updates on oil and gas discoveries, exploration plans for 2026, and initiatives to reduce petroleum and natural gas consumption.

President El-Sisi stressed the importance of expanding new and renewable energy projects strategically, reducing reliance on traditional fuels, and fostering a balanced energy mix. He directed ongoing collaboration between relevant ministries to expedite clean energy capacities, secure necessary funding, and optimize resource utilization for development.

Additionally, the President evaluated measures to mitigate regional developments' impacts, especially concerning electricity supply security, industrial energy efficiency, and summer action plans to manage increased loads and consumption.