Green light for Egypt’s renewables
After several quiet years, the sector is expanding to help meet power needs
A key lesson that Abdel Fattah el-Sisi has learnt during his transition from military officer to political leader is that electricity and social stability are closely connected. To put it another way, cuts to power supply during the months of stifling summer heat make people angry and restive, providing another catalyst for social unrest. For this reason, the Sisi administration has offered international oil companies generous terms to exploit onshore and offshore reserves of natural gas. The prospect of receiving a gas delivery price higher than other countries are prepared to pay has encouraged international firms to fast-track exploration and development projects, enabling power stations
Also in this section
1 May 2024
Abundant storage and low cost of capturing CO₂ from sharply rising gas production mean NOC’s ambitious CCUS targets look well within reach
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV