Egypt to Import $1.18 Billion in Energy to End Power Cuts
Egypt to Import $1.18 Billion in Energy to End Power Cuts
Egypt to Import $1.18 Billion in Energy to End Power Cuts
News summary

Egypt plans to import $1.18 billion worth of mazut fuel oil and natural gas to address persistent power cuts exacerbated by heat waves. Prime Minister Mostafa Madbouly aims to end power cuts by the third week of July by boosting strategic reserves. Daily power cuts have extended to three hours due to increased electricity consumption during heat waves, affecting citizens and businesses. The government attributes the blackouts to a halt in gas production in a neighboring country. Efforts to end load shedding by increasing energy imports are underway to alleviate the crisis and improve electricity supply in Egypt.

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Last Updated
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