
Egypt Invests EGP 2.5 Bln to Increase High Dam's Capacity to 2,400 MW
Taarek Refaat
The Hydro Plants Generation Company, affiliated with the Egyptian Ministry of Electricity and Energy, announced a new comprehensive project to develop the Aswan High Dam's power plants.
The project aims to increase the plant's nominal capacity to 2,400 megawatts by 2028, up from the current 2,100 megawatts, with investments totaling approximately EGP 2.5 billion (equivalent to approximately €41 million).
This is part of an integrated development plan encompassing various technical and operational sectors.
Hesham Kamal, Chairman of the Hydro Plants Generation Company revealed during the Ordinary General Assembly held, Wednesday, that the project includes the replacement and renovation of 20 power transformers at the High Dam and Aswan Power Plants 1 and 2.
The chairman added that four transformers will be installed during the 2025/26 fiscal year, with a total added capacity of 100 megawatts, gradually increasing the nominal capacity to a total increase of 300 megawatts.
The project also includes replacing and renewing the stator coils of the Esna power plant units to improve operational efficiency; rehabilitating the excitation systems and voltage regulators of the main and auxiliary generators in both the High Dam and Aswan; supplying and installing 19 500 kV current transformers in the High Dam/Nagaa Hammadi circuits; and installing new 15.75 kV circuit breakers in the High Dam units.
This project is part of the state's plan to achieve the goals of Egypt Vision 2030 in the field of sustainable energy and digital transformation, while enhancing reliance on local resources and modernizing the national electricity grid infrastructure.
read more
CBE: Deposits in Local Currency Hit EGP 5.25 Trillion
Morocco Plans to Spend $1 Billion to Mitigate Drought Effect
Gov't Approves Final Version of State Ownership Policy Document
Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister
Qatar Agrees to Supply Germany with LNG for 15 Years
Business
Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves
Business
Suez Canal Records $704 Million, Historically Highest Monthly Revenue
Business
Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday
Business
Wheat delivery season commences on April 15
News
Egypt confirms denial of airspace access to US B-52 bombers
News
Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia
News
Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content
Arts & Culture
Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized
Sports
Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer
Sports
Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers
News
Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies
Arts & Culture
New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple
Business
Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War
Arts & Culture
Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Al-Ahram Weekly
an hour ago
- Al-Ahram Weekly
Opportunities for Chinese investments - Economy - Al-Ahram Weekly
A delegation from Egypt is set to visit China next month following last week's visit of a Chinese investment delegation to Egypt A delegation from the Suez Canal Economic Zone (SCZONE) is scheduled to visit China next month to promote the industrial opportunities available in the SCZONE, Mustafa Ibrahim, vice chair of the China-Egypt Relations Committee at the Egyptian Businessmen's Association (EBA), told Al-Ahram Weekly. The visit is part of ongoing efforts to boost Chinese investments in Egypt. Wang Weizhong, governor of Guangdong Province in China, was also in Cairo last week with a delegation representing Chinese government agencies and Chinese companies interested in investing in the Egyptian market. The delegation also included representatives from Chinese companies already operating in Egypt. Some 2,800 Chinese companies currently operate in Egypt, with total investments exceeding $8 billion, according to the General Authority for Investment and Free Zones (GAFI). Ibrahim expects Chinese investments to reach $12 billion by the end of 2025. The Chinese delegation explored investment opportunities in various sectors, including electric vehicles. The visit aimed to support the Chinese government's Belt and Road Initiative and to study investment opportunities in the Egyptian market. China plans to move many of its factories abroad due to its commitment to reduce carbon emissions by 2026 and to avoid obstacles that could affect its exports to various countries, including members of the European Union, Ibrahim explained. China is also keen on redirecting its labour force towards high value-added industrial sectors such as the technology industry, in which it has outperformed many of its competitors, he added. Chinese companies are interested in investing across several sectors in Egypt, including textiles, ready-made garments, electrical appliances, the automotive industry, and natural gas exploration. Ibrahim said that China has moved into a new era, transitioning from product imitation to innovation, which has made countries like Germany eager to learn about the technologies used in Chinese robots, for example. China is seeking partners with whom it can strengthen its ties, and Egypt stands out with its large market and trade agreements with many other countries that enable access to nearly three billion consumers, Ibrahim said. He noted that over the past year and a half visits from Chinese delegations have taken a new and more serious turn, with provincial governors and leaders from the ruling party heading the delegations. Chinese investors are also planning to invest in new sectors, including tourism and the establishment of hotels and are currently studying investment opportunities in that field. Ibrahim said that cooperation between Egypt and China takes three main forms, with China exporting production inputs and finished products to Egypt, undertaking projects managed by Chinese companies for implementation in Egypt, and injecting direct investments into the Egyptian economy. He stressed the need for consistent laws and a stable economy to attract foreign investors, making the investment climate more appealing. Ahmed Mounir Ezzeddin, chair of the China-Egypt Relations Committee at the Egyptian Businessmen's Association (EBA), told the Weekly that Egypt's infrastructural development, both in terms of urban expansion and power networks, has opened the door for the establishment of large and medium-sized factories and has encouraged various investments, including those from China. China's only industrial city on the African continent is in Egypt in the shape of the China-Egypt TEDA Suez Economic and Trade Cooperation Zone on the shores of the Red Sea and south of the Suez Canal. This started on an area of three million square metres and has now expanded to 10 million, reflecting Egypt's importance to Chinese investors. Ezzeddin said that Egypt possesses several factors that attract Chinese investments, such as the new investment law, an improved business environment and a competitive labour force, in addition to competitive electricity and fuel prices. He highlighted that recent measures to regulate the import of finished products have encouraged Chinese investors to inject capital into the home appliance sector, aligning with Egypt's goal to provide competitively priced locally produced products for both domestic consumption and export. * A version of this article appears in print in the 29 May, 2025 edition of Al-Ahram Weekly Follow us on: Facebook Instagram Whatsapp Short link:


See - Sada Elbalad
10 hours ago
- See - Sada Elbalad
Luxor Governor Receives US Senator Tim Sheehy to Discuss Strengthening Cooperation
Taarek Refaat Abdel Motaleb Amara, Governor of Luxor received Senator Tim Sheehy, a member of the US Congress, as part of his visit to Egypt and the accompanying high-level delegation. The meeting witnessed an open dialogue between the two sides, addressing ways to strengthen bilateral relations between the two countries. The Senator began his speech by expressing his happiness at being in Luxor for the second time after 22 years. He expressed his admiration for the positive changes taking place in the city and his amazement at ancient Egyptian civilization, emphasizing that Egypt is a country with a rich civilization dating back thousands of years. Sheehy added that Egypt is an important and ally in the Middle East region, and that it has a promising economic future over the next five years. He expressed his hope for strengthening American partnerships in Egypt and praised the country's ongoing comprehensive development efforts, particularly in infrastructure modernization and the renewable energy sector. On his part, the Governor of Luxor welcomed the US Senator and explained the governorate's economy, which is based on the cultural tourism sector, followed by agriculture and industry. He emphasized that tourist bookings have increased this year compared to last year, and that the booking rate for the upcoming tourist season is very promising and exceeds previous years, despite global events. The governor added that despite the hot June weather approaching, the continued growth of tourism in Luxor has not been affected. He attributed this to the stability and security Egypt enjoys thanks to the wisdom of President Abdel Fattah El-Sisi, who assumed the presidency 10 years ago. He also praised US support for the country. The US Ambassador to Cairo attended the inauguration of the new drinking water station in the village of El-Hanady, east of Esna, south of Luxor. This station will serve approximately 10 villages by 2024. The station was funded by the US Agency for International Development. At the end of the meeting, the US Senator wished Egypt continued prosperity and promised to visit Luxor again with his family. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks


See - Sada Elbalad
11 hours ago
- See - Sada Elbalad
Hurghada Int'l Airport Celebrates First Flight from Tashkent
Taarek Refaat Hurghada International Airport today received the first flight of Uzbekistan's Centrum Air airline from Tashkent International Airport, carrying 175 tourists. Ayman Salah, Deputy Director of Hurghada International Airport welcomed the passengers with flowers and souvenirs, along with the participation of the public relations and media team, and the traditional water salute. This flight is the first in a series of scheduled flights during the summer season between Uzbekistan and Hurghada, in light of the growing international interest in Egyptian tourist destinations. This step comes within the framework of the Ministry of Civil Aviation's ongoing efforts to support air traffic and inbound tourism, by providing operational facilities and logistical support to airlines, in addition to developing services within airports to ensure a safe and comfortable travel experience. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks