Cairo guangming energy storage power industrial design and production

Will EGP 2 trillion be needed in Egypt's energy sector?

The International Finance Corporation (IFC) believes that EGP 2 Trillion are required to brought into Egypt’s energy sector in climate-smart investments by 2030. Egypt is expected to overtake South Africa in the next decade to become the largest electricity market in Africa.

Why does Egypt need more energy?

As the most populous country in the Middle East, with 100 million citizens estimated in 2020, Egypt faces rising energy demand driven by rapid population growth and an expanding economy. This creates significant challenges in maintaining a steady and continuous supply of energy and opportunities for the sector’s development.

What is a large-scale energy storage project?

The project aims at providing the scientific, technological and policy basis required for the development and implementation of large-scale energy storage in Egypt, enabling increased penetration of renewable energy sources in the Egyptian energy system.