Egypt not facing energy shortage, has sufficient reserves to meet needs: Ministry – Egypt Today

  • Date: 10-Aug-2022
  • Source: Egypt Today
  • Sector:Oil & Gas
  • Country:Egypt
  • Who else needs to know?

Egypt not facing energy shortage, has sufficient reserves to meet needs: Ministry – Egypt Today

CAIRO – 10 August 2022: The Egyptian Ministry of Electricity has affirmed that Egypt does not face any shortage in energy and has sufficient reserves to meet energy needs. The ministry’s remarks came after the government has announced a strict plan to rationalize energy consumption, including reducing street lighting and regulating air conditioners use in public buildings. In remarks to Al-Hayah TV channel, Spokesman for the Ministry of Electricity and Renewable Energy Ayman Hamza said the government’s rationalization plan is aimed at maximizing the economic benefits of the country's natural gas resources. Hamza urged citizens to carry out routine maintenance for their air-conditioning systems to save energy consumption, adding that the ministry had recently opted for using fuel-efficient units to generate electricity. He revealed that the State is currently working on expanding the use of locally-produced mazut for energy generation purposes to boost the county's natural gas exports for greater foreign-currency earnings. The government will start its strict plan next week, according Egyptian Prime Minister Mostafa Madbouli said on Tuesday. In a press conference, Madbouli detailed the rationalization plan, saying that outdoor lighting of government buildings would be closed. Also, the lighting of public squares, streets and main axes will