Egypt plans to add 2,500 megawatts of renewable energy capacity to its national grid before next summer, a move intended to bolster energy security amid regional instability, according to a statement released by the presidency following a meeting led by President Abdel Fattah Al-Sisi.
The meeting, attended by Prime Minister Mostafa Madbouly, Minister of Electricity Mahmoud Esmat, and Minister of Petroleum and Mineral Resources Karim Badawi, focused on ensuring a stable electricity supply and securing fuel resources for power generation. Presidential spokesperson Mohamed El-Shennawy stated that discussions centered on coordinating efforts between state entities to maintain uninterrupted electricity production.
President Al-Sisi emphasized the importance of maintaining strategic reserves of petroleum products to safeguard fuel supplies, not only for electricity generation but also for vital sectors of the economy, framing energy security as a critical component of national security. The meeting also reviewed domestic production levels of natural gas, crude oil, and condensates, alongside efforts to settle outstanding payments to foreign energy companies.
Egypt is proceeding with plans to modernize and upgrade existing oil refineries to increase output, enhance value added, and reduce reliance on fuel imports, according to Minister Badawi. Preparations are also underway for hosting the Egypt Energy Show (EGYPS 2026) in Cairo from March 30 to April 1, 2026.
The discussions included a recently signed memorandum of understanding between Egypt and Libya to expand cooperation in the oil, natural gas, and mining sectors, encompassing exploration, refinery upgrades, energy transportation, and petrochemical development. This agreement signals a potential strengthening of regional energy ties.
Al-Sisi directed the government to expedite the settlement of dues owed to foreign energy partners and to intensify efforts to attract further investment into the energy sector. He also instructed officials to continue developing infrastructure to receive liquefied natural gas (LNG) imports, including the deployment of regasification vessels, alongside ongoing measures to boost domestic production.
Prime Minister Madbouly was tasked earlier this year with forming a latest government, following the submission of the previous cabinet’s resignation, a move that President El-Sisi stated was intended to address economic challenges and improve government performance. According to a statement from the presidency on June 3, 2024, the new cabinet must be capable of tackling issues both domestically and abroad. Mostafa Madbouly has served as Prime Minister of Egypt since 2018, having been appointed by President Abdel Fattah el-Sisi following the resignation of Sherif Ismail. [1]
