Egypt’s Minister of Electricity and Renewable Energy, Dr. Mohamed Shaker announced that the ministry is currently conducting studies to explore the possibility of increasing the capacity of the electricity connection line with Libya, from 150 megawatts to 2000 MW. He noted that the capacity was increased from 100 megawatts to 150 megawatts in January, at the request of the Libyan side.
In an exclusive statement to “Al Youm Al Sabaa”, the minister stated that the Egyptian Electricity Transmission Company is currently conducting studies to increase the voltage of the connection from 220 kilovolts to 500 kilovolts.
He also stated that the ministry is “currently studying the possibility of increasing the capacity of the connection line between Egypt and Jordan, from 450 megawatts to 1100 megawatts, at a voltage of 400 kilovolts.”
Shaker explained that the goal is for Egypt to become a global energy hub by connecting with Africa, Europe, and the Gulf states. He emphasised that these projects will bring huge economic benefits to Egypt, despite the challenges involved.
He added that southward electricity connection studies towards the African continent are being conducted, this is to leverage the enormous potential of hydroelectric power in Africa. He affirmed that these projects will work to accommodate the massive energies generated from clean energy.
Notably, the Governor of the Central Bank of Libya (CBL) , Al-Siddiq Al-Kabir held a meeting with his Egyptian counterpart, Hassan Abdallah in Cairo on Thursday.
According to a statement from the Central Bank, the meeting was also attended by Mustafa Al-Manea, Al-Kabir’s advisor, Rami Abu Al-Naga, Deputy Governor of the Central Bank of Egypt (CBE), and Mohamed Abu Musa, Deputy Governor of the CBE.
During the meeting, the officials discussed various issues of mutual interest. Topics under discussion included potential training and development initiatives, experience sharing, and the issue of banking transfers for Egyptian workers in Libya.
The meeting also touched on global economic conditions, according to a statement from the CBL.
