Egypt to invest $228mln to build new power substations: Report
The initiative is expected to begin operating before the summer of 2026, Ashraq Business reported, quoting a government official.
Last week, the company inaugurated the Badrashin transformer station in Giza governorate built at a cost exceeding EGP 1 billion. The facility will supply power to Badrashin, Ayat, Abu El Nomros, and Hawamdiya.
The remaining EGP 10 billion will be invested in phases ahead of mid-2026, including the construction of distribution substations in Manshiyat Qanater, Al-Manawat, Abu Al-Numrus, and Al-Ayyat in Giza governorate.
Egypt expects electricity demand to climb to 40,000 megawatts (MW) per day during the summer months.
(1 US Dollar = 48.33 Egyptian Pounds)
(Writing by P Deol; Editing by Anoop Menon)
(anoop.menon@lseg.com)
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