Could Egypt make use of its energy surplus?

Could Egypt make use of its energy surplus?

Egypt has developed an integrated strategy to direct its electricity surplus to projects that achieve added value to the Egyptian economy and enhance Egypt’s position on the Arab and international levels.

Egypt participates in an initiative for power interconnection between Arab countries, in an attempt to create a pan-Arab electricity market. Egypt is highly represented in the project, whether in the Executive Office (head of the office), and the Committee of Electricity Experts in Arab Countries (head of the committee), in addition to a specialized team from the Electricity Holding Company.

Ahmed Mahina, Undersecretary of the Ministry of Electricity for Research, Planning and International Cooperation, told Daily News Egypt that the pan-Arab electricity market is based on a strong institutional framework with an integrated infrastructure that takes into account technical aspects, and there is coordination with a number of countries to proceed with the implementation of projects.

He added that to achieve the integration of the common electricity market, a legislative framework was developed based on 4 basic documents for market governance, namely the memorandum of understanding, the general agreement, the Arab common market agreement for electricity, and the rules for operating Arab networks.

The World Bank Group and the Arab Fund for Economic