Egypt needs to invest more in order to cover electricity demand in Sinai
Egypt's Electricity Minister Dr. Hassan Younis said that coordination is under way with the governorate of South Sinai to select a location for a new power station with a capacity of 650 megawatt in the Red Sea city of Sharm El-Sheikh. The investment cost of this project is put at LE 2,500 billion.
Speaking after a meeting Saturday with executives in East Delta and Sinai Electricity Company, Younis said that the electricity sector has carried out several electricity production and distribution projects in north and south Sinai at investment costs of LE 6 billion during the past 23 years.
According to him, consumed capacity in Sinai grew to reach 1.340 billion kilowatt/hour annually in June 2004, compared to 10.500 million kilowatt/hour in 1981, he said.
He noted that the five-year plan 2002-2007, whose investments totaling LE 280 million will focus on the construction and expansion of four transformer stations in Ras Sedr, El-Tor, Sharm El-Sheikh and El-Masa'ed. (menareport.com)