Prime Minister Moustafa Madbouli chaired a meeting on Sunday to review the work progress on new and renewable energy projects.
The meeting was attended by Minister of Electricity and Renewable Energy Mahmoud Esmat (via video conference), Minister of Finance Ahmed Kouchouk, senior officials from the Ministry of Finance, and representatives from the Ministry of Planning.
Premier Madbouli stressed that the state prioritise renewable energy as a pillar for securing energy sources and achieving sustainable development. He also underlined the need for closemonitoring of project implementation, removing obstacles, and ensuring no delays, particularly with the start of the new fiscal year.
In addition, the prime minister highlighted the importance of timely payments to international and local partners involved in these projects, emphasising that adherence to agreed schedules strengthens strategic partnerships with the private sector and fosters a favorable investment climate.
A follow-up meeting will be held with the Central Bank Governor and the Minister of Finance to finalize financial arrangements before presenting updates to President Abdel Fattah El Sisi, Madbouli said.
For his part, Minister Esmat reviewed during the meeting the execution status of renewable energy projects, reaffirming commitment to the national strategy to maximise natural resources and expand clean energy’s share in Egypt’s energy mix.
He pointed to plans for upgrading the national grid, expanding storage systems, and deepening private sector collaboration to maintain project timelines.
Finance Minister Kouchouk also addressed the meeting,outlining measures to secure the necessary financial allocations in coordination with the Central Bank.
He also stressed Egypt’s commitment to regular payments to partners and highlighting flexible, sustainable budget frameworks to support the green transition.
As the meeting came to an end, the prime minister directed continued coordination among the Ministries of Electricity and Finance and the Central Bank to ensure smooth financial flowsand overcome regulatory challenges.
He also emphasised that advancing renewable energy projects is a strategic pillar for economic growth, reducing production costs, attracting investment, and supporting Egypt’s sustainable development goals.
