- Egypt’s Finance Minister, Ahmed Kouchouk, confirmed no load shedding in 2025, with electricity supply set to meet demand without cuts.
- The government is working on cleaner energy generation methods and interconnection projects to strengthen the grid.
- Kouchouk announced a program to convert cars to natural gas, saving drivers approximately LE1,500 monthly.
Egypt’s Finance Minister, Ahmed Kouchouk, assured the public that the country would not experience load shedding in 2025. He confirmed that the electricity supply would meet demand without cuts. Kouchouk spoke on Sunday evening during an interview on the TV show “Kalema Akhera” (Last Word).
The minister explained that the Ministries of Electricity and Petroleum are working to generate electricity through cleaner methods. These efforts aim to reduce reliance on oil and improve energy efficiency. In addition, Egypt is pursuing several electrical interconnection projects to strengthen the grid.
Kouchouk also mentioned that Egypt has paid off 25-30 per cent of its arrears to foreign partners in the petroleum sector. This payment forms part of the government’s efforts to stabilise the industry and restore foreign investments. The government aims to achieve self-sufficiency in natural gas soon.
He revealed that the country’s petroleum subsidy bill would likely reach between LE150 and LE155 by the end of the current fiscal year. The government plans not to exceed this budget. Kouchouk assured the public that officials would manage costs effectively.
The minister also shared his optimism for 2025. He expressed confidence that inflation would decrease significantly, reducing borrowing costs and helping stabilise prices across the economy. Kouchouk added that the state would push forward with economic reforms to ease financial pressures.
One of the key initiatives Kouchouk highlighted involved converting cars to natural gas. The Finance and Petroleum Ministries are working on a new program to help citizens switch to natural gas vehicles. This initiative should save drivers approximately LE1,500 per month.
Kouchouk reassured the public that the government would not introduce new financial burdens in the coming months. The government plans to assess the economic situation periodically to ensure citizens have alternatives. He emphasised that the government would continue providing support and solutions where necessary.
The minister’s statements show that Egypt focuses on long-term energy sustainability and economic recovery. His remarks on energy generation, foreign investment, and inflation control demonstrate the government’s commitment to stabilising the economy in the coming years.