Egypt Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Share
Prime Minister Moustafa Madbouly covered a wide range of topics during his weekly presser (watch, runtime: 1:15:32) yesterday, including recent electricity and water outages, efforts to reduce prices, and plans to attract major EV and battery manufacturers. The presser came after a week of extreme heat that pushed power demand to record levels and led to disruptions in Giza.
(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)
Breaking down electricity consumption: Madbouly said the heatwave pushed power demand to a record 39.4 GW earlier this week, adding that “this figure has never been recorded before — it is 1.4 GW higher than last year’s peak.” He noted that peak usage now occurs at sunset when people return home and switch on appliances. “As we previously confirmed, there will be no rolling blackouts. This is our commitment and we’re sticking to it,” said Madbouly
The Giza blackout was traced to cable overloads: The PM offered an apology to Giza residents who experienced long water and power cuts during the heatwave. He explained that while the transformer station remained functional, its underground cables were pushed beyond capacity, triggering a cascading failure that extended to the water infrastructure.
ALSO FROM THE PRESSER-
#1- Egypt wants a global EV player to anchor local industry: Madbouly said the government will dispatch a delegation to court two to three major EV and battery manufacturers, adding that “if we manage to attract one or two major players, the rest will follow.” He noted that Egypt is ready to offer more incentives to secure a strategic investment in the sectors.
New incentives are on the table: The PM said talks will focus on offering tailor-made perks to entice companies to set up shop in Egypt, particularly those capable of localizing battery production and full EV assembly.
#2- Plan to reduce prices: Following a meeting earlier this week with chambers of commerce and business leaders to finalize proposals for lowering the prices of essential goods, Madbouly said that “there will be a meeting at the end of next week to present their comprehensive vision for price reductions across various goods and products.”
