Cairo – Mubasher: Egypt needs to see investments worth $46 billion in the electricity field to meet rising demand by 2022.
Around $28 billion shall be invested in power generation plants and another $18 billion shall be invested in transport grids to boost generation capacity to 60 gigawatts from 22 gigawatts now, according to a recent report by Arab Petroleum Investments Corporation (APICORP).
The Middle East and North Africa (MENA) region will need $260 billion in investments to meet the rising electricity demand over the next five years, the report highlighted.
Egyptian electricity minister had previously said that Egypt had succeeded in completely overcoming the electricity blackouts crisis.
The government is seeking to turn Egypt into a major hub for trade and energy exchange, the minister noted.