Egypt: Solar seen as solution to energy consumption problem
Issue 279
- 17 Jun 2014
| 2 minute read
The need to find alternative sources of energy to satisfy unsustainable growth in electric power consumption has boosted official interest in renewable energy projects. In recent months, a number of ministers in the outgoing interim government – which tendered its resignation to President Abdel Fattah El-Sisi on 9 June – have announced important renewables initiatives with $1bn of investment potentially on the table. Whether Sisi, who was inaugurated in early June, has the vision and political determination to push through unpopular reforms in domestic energy markets is still unknown. He made almost no reference to economic policy during the election campaign.
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