Egypt on track to keep pace with rising electricity demand through 2022 - Apicorp

Speaking of which, Egypt is on track to keep pace with rising electricity demand through 2022 thanks to 25 GW of capacity already being executed and ready for commissioning, according to a report by Arab Petroleum Investments Corporation (Apicorp). The report cites the Siemens power plants as being a major contributor to this. Apicorp says that the country will need to spend USD 28 bn in power generation and a further USD 18 bn in transmission and development by 2022 to keep up with demand. This would increase capacity 22 GW to 60 GW.

As for MENA, the region will need to spend USD 260 bn on power in the coming five years to cope with rising demand driven by population growth, urbanization and growing income levels. You can read the full report here (pdf).