Egypt plans to suppress total subsidy to electricity by 2025. In this framework, it intends to cut this subsidy by 50% by 2020. Government is in fact planning to reduce this subsidy to $2.65bn in the next fiscal year from $3.59bn currently.

Alongside the reduction of subsidy, there is the increase of electricity tariffs to cost-reflective levels. Indeed, the country produces kilowatt at $0.05 and sells it for $0.02. Since July 2014, these tariffs have been increased by 10%-15%.

The Egyptian government is currently implementing a long-term plan which aims to insure the appropriate provision of power by 2035. This plan will cost about $135 billion and allow 53GW to be established.

Currently hosted in Egypt, the Energy Investment Summit gathers power developers, investors and technology and solution providers, aims to improve the power industry.

Gwladys Johnson