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Egypt is in the process of expanding the country's power capabilities by building new power plants and is taking the first step to the creation of an Egyptian Electricity Market which would be a first for the region.
Kuwait's Kharafi Group has signed a deal worth US$645mn with the Ministry of Electricity to build two power plants located in Ismailia and Damietta in Egypt with a combined capacity of 1,000MW
Egypt is increasingly becoming a bigger player in the region's power sector and is intending to invest US$100-120bn to triple capacity by 2027. Egypt currently has around 25,000MW of electricity capacity and aims to expand the country's capacity to 58,000MW by 2027.
Egypt, only the second African country to decentralise its electricity market, has awarded Alstom Grid a US$16.9mn contract from Egyptian Electricity Transmission Company (EETC) for the supply and delivery of an Energy Management System (EMS).
The project will see the existing National Control in Giza and its back up in Abassia being replaced and will see EETC's telecommunications network expanded with all systems to be run with full digital technologies.
Alstom Grid's solution will bring many advancements to EETC operations with the arrival of leading e-terra suite EMS software. These solutions will also see the introduction of a market management system (MMS) which will provide EETC with real live information on tariffs for consumers and producers which will be the basis for the creation of an Egyptian Electricity Market.