EETC invests EGP 7.6B to boost electricity sector during FY2023/2024

These projects included completing ongoing work, expanding existing facilities, and establishing new high-voltage and ultra-high-voltage stations, lines, and cables.

By: Business Today staff

Sun, Dec. 22, 2024

The Egyptian Electricity Transmission Company (EETC) invested EGP 7.6 billion during FY 2023/2024 in projects to renew and upgrade high-voltage and ultra-high-voltage stations and lines, Chairman of the company, Mona Rizk, said during a meeting with Minister of Electricity and Renewable Energy, Mahmoud Esmat.

These projects included completing ongoing work, expanding existing facilities, and establishing new high-voltage and ultra-high-voltage stations, lines, and cables. Additionally, regional control centers were developed, and renewable energy projects were integrated into the grid.

She noted that the total renewable energy capacity, including wind, solar, and hydroelectric power, that is either operational, under construction, or in the final stages of contracting, amounts to approximately 22.8 gigawatts.

 Furthermore, battery energy storage projects are being developed to stabilize the national grid.

The company is committed to economic network operation, daily monitoring by the ministry, and coordination with the petroleum sector to ensure optimized fuel usage while maintaining the stability of both the electrical and natural gas grids.

The total energy generated during FY 2023/2024 reached 229.1 gigawatt-hours, reflecting a 6% growth.

Rizk further detailed the company’s maintenance programs, achieving a completion rate of 99% for high-voltage transformer stations, 100% for high-voltage cables, and 97% for overhead lines.

The company has also optimized the utilization of electrical networks, redistributing loads, and updating protection systems to enhance grid stability and performance.

The trial operation of the new National Control Center in the New Administrative Capital has commenced, along with upgrades to Cairo’s control center and the establishment of the Delta Control Center, which will oversee operations across six governorates.

The Benban Control Center has been completed to monitor the quality and production of solar energy, ensuring compliance with grid connection standards.