Egypt Moves to Future-Proof Power Grid with EGP 60bn Investment

Egypt has allocated EGP 60 billion to strengthen its national electricity grid as the country prepares for a significant expansion of renewable energy capacity, reinforcing efforts to build a more resilient and sustainable power system.

Prime Minister, Mostafa Madbouly, attended the signing of a financing protocol on June 14, 2026, to support projects aimed at upgrading and expanding the national transmission network. The agreement was signed by the ministers responsible for electricity, finance, and planning.

Under the arrangement, the funding will be channelled to the Egyptian Electricity Transmission Company (EETC) to enhance its financial and operational capacity while modernising infrastructure needed to accommodate growing volumes of renewable electricity.

Madbouly said the investment reflects the government’s commitment to accelerating renewable energy development and increasing its share in Egypt’s energy mix as part of the country’s broader green economy and sustainable development agenda. He stressed that expanding transmission infrastructure is critical to supporting future clean energy projects.

Minister of Electricity and Renewable Energy, Mahmoud Esmat, said upgrading the grid remains a key priority to ensure new solar and wind projects can be integrated efficiently while meeting rising electricity demand across the country.

He noted that Egypt is fast-tracking renewable energy development with the aim of raising the share of renewables in the national energy mix to 45% by 2028, while maintaining reliable electricity supply.

Finance Minister, Ahmed Kouchouk, said continued investment in electricity infrastructure will support the country’s transition to cleaner energy while creating a more stable environment for industrial, manufacturing and export-oriented businesses.

Minister of Planning and Economic Development, Ahmed Rostom, added that the financing initiative demonstrates coordinated government efforts to align infrastructure development with economic priorities. He said the investment is expected to improve grid reliability, attract local and foreign investment, and strengthen private sector participation in Egypt’s energy transition.

The latest funding signals Egypt’s strategy of pairing renewable energy expansion with transmission upgrades, ensuring the electricity network is capable of supporting the country’s long-term clean energy ambitions.