The total investments needed by the sectors of electricity and oil until 2022 amount to $75bn, including $45bn for electricity and $30bn for the oil sector. Al Borsa obtained the details of the total investments required to add new electricity production capacities between 2018 and 2030. The needs in 2018/2019 include $6.778bn for power plants operated by natural gas and oil, $30m for hydroelectric generators, $2.502bn for wind farms, and $234m for solar power plants. The oil sector seeks to attract investments of about $30bn over the next four years to develop the gas fields in north Alexandria. Minister of Electricity Mohamed Shaker told Al Borsa that the studies of SOFRECO highlighted the required investments of $38.6bn for coal projects and $36.3bn for solar power plants projects.

Source: Daily News Egypt May 18, 2017 06:00 UTC