Egypt does not face energy shortage, has sufficient reserves to meet needs: ministry

CAIRO – August 10, 2022: The Egyptian Ministry of Electricity has affirmed that Egypt does not face any energy shortages and has sufficient reserves to meet energy needs.

The ministry’s remarks come after the government announced a strict plan to rationalize energy consumption, including reducing street lighting and regulating the use of air conditioners in public buildings.

In remarks to Al-Hayah TV, Ministry of Electricity and Renewable Energy spokesman Ayman Hamza said the government’s rationalization plan aims to maximize the economic benefits of natural gas resources. from the country.

Hamza urged citizens to carry out routine maintenance of their air conditioning systems to save energy consumption, adding that the ministry had recently switched to using fuel-efficient units to generate electricity.

He revealed that the state is currently working to expand the use of locally produced fuel oil for power generation purposes to boost the county’s natural gas exports for greater foreign exchange earnings.

The government will launch its strict plan next week, Egyptian Prime Minister Mostafa Madbouli said on Tuesday.

At a press conference, Madbouli detailed the streamlining plan, saying that exterior lighting in government buildings would be shut down. Also, the lighting of public squares, streets and main axes will be cut.

He added that malls and public stores would close at 11 p.m., according to daylight saving time, noting that the temperature of air conditioners in malls would be set at 25 degrees or higher.

The Prime Minister stressed that the Ministry of Youth and Sports is coordinating with sports clubs and federations to determine closure dates and reduce lighting in stadiums and giant facilities, except for social clubs.

He noted that the Ministries of Electricity and Petroleum are working on a power plant re-engineering plan so that priority is given to plants that consume less natural gas and generate more electricity, such as the three high-powered Siemens plants. loads.

The move could help save the most natural gas for export amid rising energy prices, Madbouli said.

He pointed out that the government has decided to postpone the increase in electricity prices by six months until the beginning of 2023.

The prime minister said the state aims to secure an additional surplus in the 15% of natural gas volume that is directed to power plants, noting that this amount could be exported to earn foreign exchange for the country’s coffers.

The Prime Minister urged citizens to rationalize the use of electricity at home to support the government’s energy consumption rationalization plan.

Madbouli said the state is currently looking to export natural gas, which is considered the most important resource the country has.

He added that the State has made huge investments in the natural gas sector in recent years to export the greatest amount of this natural resource which is one of its main sources of income, in the midst of the current global energy crisis.

The prime minister noted that all ministries would be instructed to turn off the lights in their buildings after the end of official working hours, with the exception of service buildings.

He announced that as part of measures to rationalize energy consumption, the exterior lighting of government buildings will be cut and the lighting of public squares, streets and main axes reduced.

Additionally, he said, stadiums, indoor venues and shopping malls will be asked to close early each evening; at 11 p.m. maximum.

He noted that the temperature of air conditioners in major malls and buildings would be set at 25 degrees or higher.

The Prime Minister urged citizens to rationalize the use of electricity at home to support the government’s energy consumption rationalization plan.

The Prime Minister said that the Egyptian state was working to increase its hard currency resources, reduce the import bill through relevant recent measures and benefit from available natural resources such as natural gas, which, he noted, can secure hard currencies.

The strategic vision that President Abdel Fattah El Sisi asked the government to adopt almost four years ago aimed to increase investments in the production and generation of natural gas, in particular through the Zohr gas field, he added.

Before the exploitation of the Zohr field, Egypt imported natural gas to meet its demand, the Prime Minister said, praising in this regard Sisi’s willingness to exploit the project as soon as possible.

Madbouli said the government took a decision in October 2021 to supply power plants with fuel oil instead of natural gas to be used to generate electricity; through cooperation between the Ministry of Electricity and the Ministry of Petroleum.

This ensured a natural gas surplus of $100 million to $150 million per month, he added.

Madbouli said the Egyptian state is taking several steps to deal with the unprecedented crises faced by developed and developing countries, which he said are suffering from both the energy challenge and the consumption rationalization challenge.

Madbouli added that the state will launch a package of exceptional social measures in late August or early September; in accordance with the relevant directives of President Abdel Fattah El Sisi to ease the burden on Egyptian citizens.

Measures have been taken to relieve the pressure on hard currency resources following the doubling of prices of imported raw materials, in particular petroleum products and basic products such as wheat and corn, the Prime Minister noted. .

He added that the state has worked according to a clear plan to increase exports, promote local components and support the tourism sector.

MENA contributed to the report.

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