Back to the complete issue
Tuesday, 21 January 2020

Egypt electricity exports fall 15% from July to November

Egypt’s electricity exports fell 15% to 47 mn KWh in November from a peak of 55 mn KWh in July, Al Mal quoted unnamed sources as saying. The sources said that the political situation in Libya, the seasonal fall in consumption, and efforts in Jordan to become energy self-sufficient had caused the decline. The news came on the same day that sources in the Electricity Ministry revealed that it is studying increasing its electrical connection capacity with Jordan above 400 MW. Egypt — which is currently linked with Jordan, Palestine, Libya, and most recently Sudan — is also finalizing an interconnection agreement with Saudi Arabia, which is due to be signed in May. A USD 4 bn EuroAfrica project to connect the electricity grids of Egypt, Cyprus, and Greece is also scheduled for completion by December 2022.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.