The Ministry of Electricity has decided to abolish the direct contracting of production projects, having reached a daily surplus capacity on the national electricity grid and stable demand on energy. The sources pointed out that the direct contracting scheme is adopted by many countries, but as one of the absolute necessity mechanisms. The ministry has contracted on different projects as part of the emergency plan and Siemens power plants under the need for quick production. The sources said that the demand on electricity is not high now, which eases the pressure and the need on new contracts. According to the strategy, the ministry aims to have added 51,700MW by the end of 2030, including 25,000 from renewable sources.

Source: Daily News Egypt March 20, 2017 11:15 UTC