The Economic Research Foundation Oxford Business Group (OBG) commended Egypt's efforts to enhance its potential in the field of electricity generation through renewable energy sources. In a report published on its website, the firm said that government administrators in Egypt are seeking to increase the production of electricity through solar energy and other renewable energy sources. The statement added that the Ministry of Electricity plans to increase by the year 2022, the amount of energy generated using renewable sources from the current ratio of 12 percent to 20 percent of total. The additional gigawatts includes 870 megawatts planned to be from wind power; 2.5 gigawatts from solar energy; while 1.3 gigawatts will be from steam units and other sources; at total investments of about US$ 13.9 billion. By 2030, the Ministry of Electricity expects to generate an additional total of 51.7 gigawatts, requiring investments of about US$135 billion.

Source: Egypt Independent December 01, 2016 11:19 UTC