Electricity Minister Mahmoud Esmat said there is ongoing coordination and cooperation between the Ministries of Electricity and Planning and Economic Development to support the electricity sector and the strategy for transitioning to clean energy. The Minister noted that implementation of ongoing projects to increase renewable energy capacity on the national electricity grid is being accelerated.
Esmat made the remarks during a meeting Saturday, August 8, 2026, with Planning and Economic Development Minister Ahmed Rostom at the ministry’s headquarters in El Alamein to discuss areas of joint work and coordinate efforts to advance the transition to renewable energy, support the sector’s infrastructure, review its priorities for the coming period, secure concessional development financing and technical support, and establish private economic entities to invest in the extraction and processing of rare and critical minerals and maximize their value through expanded downstream industries.
The meeting also addressed cooperation to implement the national energy strategy, which aims to raise the share of renewable energy to 45% of total electricity generation by 2028. Discussions covered ongoing electricity-sector projects, the role of international partners in providing technical and financial support, the sector’s financing needs, and infrastructure development, in light of the state’s efforts to strengthen public-private partnerships in the energy sector.
The meeting further discussed cooperation with NI Capital and NI Consulting as part of efforts to coordinate among national entities and support the Ministry of Electricity and Renewable Energy and its affiliated Nuclear Materials Authority in exploring, extracting and processing rare and critical minerals and establishing private economic entities to invest in the field.
Esmat stressed the electricity sector’s strong focus on expanding the use of renewable energy, reducing carbon emissions and diversifying energy sources. He pointed to the state’s strategy to increase the share of renewables in the electricity mix and capitalize on Egypt’s natural resources, particularly new and renewable energy sources, to raise renewables’ share to 45% by 2028 as part of efforts to reduce reliance on fossil fuels and enhance economic returns.
He said the private sector is a key partner in renewable energy projects and that the ministry is working to expand opportunities for private investors and provide the necessary support to increase domestic and foreign investment in clean-energy projects. He also highlighted cooperation in establishing economic entities to invest in mineral resources in partnership and coordination with relevant state bodies, to increase value added through the exploration and processing of identified mineral resources and the extraction of rare and critical elements and minerals.
For his part, Planning and Economic Development Minister Rostom said the electricity and renewable energy sector is a major priority, particularly as it has become a component of national security. He noted that over the past decade, the state has expanded renewable energy projects and increased electricity-generation capacity to meet growing demand.