Latest news with #MostakbalMisrforSustainableDevelopment
Daily News Egypt
19-07-2025
- Business
- Daily News Egypt
Electricity minister follows up on power supply progress for New Delta projects
Minister of Electricity and Renewable Energy Mohamed Shaker held a follow-up meeting to review the progress of electricity supply projects supporting agricultural development and land reclamation within the framework of the Mostakbal Misr for Sustainable Development initiative. During the meeting, Shaker reviewed project timelines, scheduled delivery dates, and progress rates at each site, noting the alignment between planned schedules and actual execution. The discussion also covered the status of equipment manufacturing, transportation, and installation. Coordination was a key topic, particularly regarding the completion of electrical works, energising certain substations, and synchronising these efforts with agricultural development schedules—especially planting seasons. The meeting further addressed the construction of distribution networks and installation of transmission lines across various voltage levels, with particular attention to ensuring power supply for distribution panels serving irrigation pump stations. Special focus was given to the northern supply point at the Hammam pump stations. Participants underlined the importance of adhering to project timelines and providing temporary power sources to meet immediate demands until transformer stations are fully completed and integrated into the national grid. These measures form part of a broader strategy to guarantee reliable electricity supply, implement sustainable energy solutions, maintain grid stability, and improve power quality. Shaker directed that the current action plan be revised to reflect the critical need for a stable and continuous power supply. He called for accelerating the implementation of several transformer stations and highlighted the importance of close coordination among all stakeholders. To expedite technical work, he urged increasing work shifts and intensifying efforts related to tower installations along transmission line routes. The Minister stressed the need to overcome any obstacles, reaffirming the priority of completing projects and starting operations as scheduled, given their central role in supporting agricultural development initiatives. He also confirmed readiness to supply electricity from nearby sources to ensure the timely start of production across all projects. Shaker emphasised that meeting deadlines is integral to the state's sustainable development strategy and vision to create integrated agricultural, industrial, and urban communities. He reiterated the Ministry's commitment to ensuring reliable electricity access for all sectors, with a special focus on supporting land reclamation and agricultural projects to boost self-sufficiency in strategic crops. He also highlighted the need to enhance energy system efficiency and implement both urgent and long-term solutions to stabilise the national grid and improve service quality. This includes expanding renewable energy use, optimising the performance of power generation stations, and securing adequate electricity supplies for new projects, particularly those linked to land reclamation, agro-industrial development, and greenhouse farming under the Mostakbal Misr initiative. Shaker concluded by stressing that providing reliable electricity across all sectors is a cornerstone of sustainable development, essential for driving economic growth, attracting investment, and supporting the state's broader plans for industrial and agricultural expansion.
Asharq Al-Awsat
10-04-2025
- Business
- Asharq Al-Awsat
Egypt Targets 10 mln Ton Wheat Harvest
Egypt expects to harvest 10 million tonnes of wheat this year, up from 9 million in 2023, driven by improved crop yields and ambitious land reclamation efforts, Agriculture Minister Alaa Farouk told Reuters late on Wednesday. He said 3.1175 million feddans (about 1.30 million hectares) have been cultivated this season — slightly lower than the 3.5 million feddans announced earlier by the planning ministry and 3.2 million feddans in 2024 (1.34 million hectares), suggesting a possible decline in total wheat area. Farmers have told Reuters that wheat has become less profitable compared to crops like beet, whose area increased from 500,000 feddans (210,000 hectares) to 700,000 feddans (294,000 hectares) this year. The government plans to buy 4-5 million tonnes of local wheat and import about 6 million tonnes to provide heavily subsidised bread for over 69 million Egyptians. Farouk said newer high-yield wheat strains developed by the Agricultural Research Center have raised productivity by 7-8.5%. "This is vertical expansion, and horizontal expansion is coming," he said. That horizontal expansion is led by the Mostakbal Misr for Sustainable Development, which plans to reclaim 4 million feddans across the country. Farouk said some of that land is ready for production and the rest will follow in the next two years, offering major opportunities for agricultural investment. Mostakbal Misr, recently tasked with wheat imports, is also developing infrastructure and growing crops tailored to local consumption, exports and agri-processing, Farouk said.. Farouk added the government is studying a potential rise in local fertilizer prices. Urea and nitrate fertilizers cost around 9,500 Egyptian pounds ($185) per tonne to produce but are sold at a subsidized 4,500 ($87.63). Export prices reach up to 20,000 pounds ($389.48), Farouk said.
Zawya
10-04-2025
- Business
- Zawya
Egypt targets 10mln ton wheat harvest amid yield gains, land reclamation push
Egypt expects to harvest 10 million tonnes of wheat this year, up from 9 million in 2023, driven by improved crop yields and ambitious land reclamation efforts, Agriculture Minister Alaa Farouk told Reuters late on Wednesday. He said 3.1175 million feddans (about 1.30 million hectares) have been cultivated this season — slightly lower than the 3.5 million feddans announced earlier by the planning ministry and 3.2 million feddans in 2024 (1.34 million hectares), suggesting a possible decline in total wheat area. Farmers have told Reuters that wheat has become less profitable compared to crops like beet, whose area increased from 500,000 feddans (210,000 hectares) to 700,000 feddans (294,000 hectares) this year. The government plans to buy 4-5 million tonnes of local wheat and import about 6 million tonnes to provide heavily subsidised bread for over 69 million Egyptians. Farouk said newer high-yield wheat strains developed by the Agricultural Research Center have raised productivity by 7-8.5%. "This is vertical expansion, and horizontal expansion is coming," he said. That horizontal expansion is led by the military-linked Mostakbal Misr for Sustainable Development, which plans to reclaim 4 million feddans across the country. Farouk said some of that land is ready for production and the rest will follow in the next two years, offering major opportunities for agricultural investment. Mostakbal Misr, recently tasked with wheat imports, is also developing infrastructure and growing crops tailored to local consumption, exports and agri-processing, Farouk said. Farouk declined to comment on revenue flows from its operations, referring the matter to the finance ministry. Reuters was unable to immediately reach the finance minister for comment. Farouk added the government is studying a potential rise in local fertilizer prices. Urea and nitrate fertilizers cost around 9,500 Egyptian pounds ($185) per tonne to produce but are sold at a subsidized 4,500 ($87.63). Export prices reach up to 20,000 pounds ($389.48), Farouk said. Fertilizer firms, which are obliged to sell 55% of output at a discount in exchange for subsidised natural gas, have pushed for price hikes. Separately, Egypt is overhauling its underperforming commodities exchange to enable direct crop trading, which would require regulation amendments which Farouk said are expected to be completed this year. $1 = 51.35 Egyptian pounds 1 feddan = 0.42 hectare (Reporting by Ahmed Hagagy, Writing by Mohamed Ezz, editing by Ed Osmond)
