Egypt’s Prime Minister Mostafa Madbouly has reviewed progress on ongoing energy projects and discussed efforts to attract additional investment into the sector, as the government seeks to expand power generation capacity and accelerate the shift toward renewable energy.
Madbouly chaired a meeting on Sunday at government headquarters in the New Administrative Capital, attended by senior officials and representatives of relevant ministries. The discussions focused on the status of current projects, future capacity needs and measures to strengthen Egypt’s appeal to both domestic and foreign investors in the energy sector.
At the start of the meeting, Madbouly reaffirmed the government’s strong focus on energy development, describing the sector as central to Egypt’s economic growth and long-term development strategy. He said the government remains committed to creating an investment-friendly environment capable of attracting new capital, while ensuring that energy supply keeps pace with rising demand driven by population growth, urban expansion and industrial activity.
According to cabinet spokesperson Mohamed El-Homsany, officials reviewed the implementation status of several energy projects under way across the country, as well as proposed timelines for linking their output to the national electricity grid. The meeting also addressed preparations to improve the efficiency and capacity of electricity networks and transmission lines to absorb additional generation from new projects.
El-Homsany said discussions included technical and logistical measures needed to strengthen grid resilience and reduce bottlenecks, particularly as Egypt increases the share of electricity generated from new and renewable energy sources.
The meeting also examined energy assets offered under the government’s asset offering programme, a broader initiative aimed at boosting private sector participation across key sectors of the economy. The programme is designed to accelerate development projects, improve efficiency and attract greater levels of domestic and foreign investment, including in power generation and related infrastructure.
Egypt has been seeking to expand private sector involvement in the energy sector through a combination of public-private partnerships, asset sales and long-term power purchase agreements. Officials have said these efforts are intended to reduce pressure on public finances while mobilising capital to support large-scale infrastructure development.
In addition, the meeting reviewed ongoing cooperation and partnerships with international energy companies involved in implementing major renewable energy projects in Egypt. These partnerships, officials said, play a key role in facilitating technology transfer, strengthening local technical capacity and supporting Egypt’s targets for increasing the contribution of renewable energy to the national energy mix.
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Egypt has made significant investments in renewable energy in recent years, particularly in solar and wind power, as part of efforts to diversify its energy sources and reduce reliance on fossil fuels. Flagship projects such as the Benban solar park in southern Egypt have positioned the country as a regional hub for renewable energy development.
Madbouly stressed that expanding renewable energy capacity remains a strategic priority for the government, forming a core pillar of Egypt’s broader vision for sustainable development and long-term energy security. He said continued investment in clean energy would help meet rising electricity demand while supporting environmental objectives and reducing exposure to fuel price volatility.
The government has set targets to increase the share of renewable energy in electricity generation over the coming decade, in line with national climate commitments and energy transition goals. Officials say achieving these targets will require sustained investment, regulatory reforms and continued cooperation with international partners.
Egypt’s energy sector has undergone significant reforms in recent years, including subsidy reductions, tariff adjustments and changes to the regulatory framework aimed at improving efficiency and attracting private investment. Authorities say these measures have helped stabilise the sector and create opportunities for further growth.
The meeting concluded with a review of next steps to accelerate project implementation and enhance coordination among relevant agencies. No new projects or investment figures were announced following the discussions.
