10 hours ago
- Business
- Egypt Independent
Egypt reassures citizens on fuel and electricity supplies amid regional turmoil
Egyptian cabinet spokesperson Mohamed al-Homsany assured that the state is closely monitoring regional developments and their potential impact, noting that the government has formed a committee of the relevant authorities to secure the country's petroleum needs and prepare for any emergency.
During a telephone interview on Monday with the TeN satellite channel, Homsany explained that three gasification vessels have been contracted – one of which has already been connected – as part of a proactive plan to secure natural gas supplies.
There will be no negative impact on supplies, he assured, emphasizing ongoing efforts to ensure stability in the local market.
Homsany noted that there is full coordination between the Ministries of Electricity and Petroleum to ensure the provision of natural gas to power plants, with the possibility of relying on diesel if necessary, to operate plants at maximum production capacity during peak periods.
The Electricity Ministry is working to improve the efficiency of plants as part of a strategic vision to rationalize consumption and increase reliance on new and renewable energy sources, he explained.
The spokesperson added that the government is also launching major projects in generation and electrical interconnection with Arab countries, as part of a comprehensive national plan to ensure the sustainability of the energy sector.
