Egypt sets new African record of 55,000 Megawatts of electricity per day
London, August 13, 2019 (AltAfrica)-Egypt has set new African record in electricity production with installed capacity of 55,000 Megawatts of electricity per day
The feat means Egypt has overtaken South Africa as the Continent’s Top Electricity Producer with 3,000MW higher than produced by South Africa, according to SA’s own official figures.
“Starting from 2014 up till the end of 2018, Egypt’s Minister of Electricity and Renewable Energy, Mohammed Shaker, said the total capacity added to the network was 25,426 Megawatts”
He said 85% of the power is in the North African country is fueled by natural gas.
“The 25,426MW was approximately the maximum load we could supply during 2014, which means we already doubled what we have at that time”, Shaker explains.
Currently, South Africa doesn’t have that kind of story to tell, as the state power utility grapples with a debt load of about $30Billion, borrowing money on short-term contracts to help meet its commitments to long-term loans.
But whereas Eskom is a clear corporate entity, it is difficult to differentiate the Egyptian Electricity Holding company from the Egyptian state itself.
“The installed capacity in Egypt is almost exceeding 55 Gigawatts although our consumption is less than that but we are trying to depend on the operations of high efficiency generators, combined cycle and because of these we could manage to reduce the consumption of fuel to a great extent and this will be reflected on the cost of tariff”, says the minister, a former Professor of Electrical Power Engineering at the Cairo University.
“Almost 60-65% of the cost of tariff is as a result of the fuel, if we have savings in the fuel consumption, it makes a difference for the costing of electricity”