This project will be executed in two phases and has already secured a cooperation agreement with the Ministry of Electricity. Funding for the project will be provided by several renowned international financial institutions.
Egypt's relentless pursuit of green initiatives showcases its commitment to environmental sustainability.
This came during the NREA’s first 2024 board of directors meeting, headed by Mohamed Shaker, Minister of Electricity and Renewable Energy. The meeting discussed the authority’s draft budget for the upcoming fiscal year.
This station will be established with a capacity of 2 gigawatts to produce electricity and feed the industrial complex in Nag Hammadi near the aluminum production plant.
These agreements will provide investments for the pilot phase valued at $12 billion, in addition to about $29 billion for the first phase, according to a statement by Minister of Planning and Economic Development, Hala El Said