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Overview
As the most populous country in the Middle East, with a population of more than 100 million citizens, Egypt faces rising energy demand driven by rapid population growth and an expanding economy.
According to the International Renewable Energy Agency (IRENA), renewable energy can help Egypt meet its energy needs and power sustainable economic growth and create jobs while achieving global climate and sustainable development objectives.
Speaking during the Energy Transition Council’s (ETC) first working-level national dialogue with Egypt in February 2020, Egypt’s Minister of Electricity and Renewable Energy, Dr. Mohamed Shaker El-Markabi explained that energy transition is a path towards the transformation of the global energy sector from dependence on fossil fuels to zero carbon.
TOPLINE ENERGY STATS FOR EGYPT
Energy sector represents 13.1% of overall GDP
Energy consumption per capita was at 0.97 toe, including 1550 kWh of electricity (2019)
Households absorb 41% of energy consumption, followed by industry (29%) and services (20%) (2019)
CO2 emissions from fuel combustion declined by 2% in 2019, to 237 MtCO2
Between 2022 and 2027, Egypt plans to install an additional thermal power plant and two clean coal technology power plants
Egypt needs EGP 2 trillion in climate-smart investments alone by 2030
Egypt aims to achieve 20% of power generation from renewables by 2022 and 42% by 2035
Egypt to deliver 7.2 GW of wind power by 2022, 2.8 GW of solar CSP by 2027 and 700 MW of PV by 2027
