The Egyptian Electricity Transmission Company (EETC) has allocated EGP 7.6 billion for the fiscal year 2023-24, focusing on upgrading, modernizing, and expanding its high-voltage and ultra-high voltage systems.
This investment covers the development of new stations, cables, transmission lines, and upgrades to regional control centres, including Cairo’s and the newly operational National Control Center in the New Administrative Capital.
The company aims to complete ongoing projects, enhance network facilities, and integrate renewable energy sources into the national grid. As of now, EETC has achieved a 99 per cent completion rate for transformer station maintenance, 100 per cent for cables, and 97 per cent for overhead lines.
Additionally, Egypt is working on regional energy interconnection projects with Saudi Arabia, Cyprus, Greece, and Italy, and is optimizing fuel consumption with the petroleum sector to increase energy generation by 6 per cent to 229.1 GWh, ensuring grid reliability and efficiency.