{"id":649236,"date":"2017-04-26T04:01:19","date_gmt":"2017-04-26T04:01:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/energy-spending-will-total-usd-75-bn-for-the-next-four-years\/"},"modified":"2017-04-26T04:01:19","modified_gmt":"2017-04-26T04:01:19","slug":"energy-spending-will-total-usd-75-bn-for-the-next-four-years","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/energy-spending-will-total-usd-75-bn-for-the-next-four-years\/","title":{"rendered":"Energy spending will total USD 75 bn for the next four years"},"content":{"rendered":"

Egypt will need USD 75 bn to develop its energy sector between 2018 and 2022, according to the development strategies of both the Electricity and Oil ministries. USD 45 bn will need to be spent on developing the electricity sector, with a long term plan to generate 51.7 GW by 2030. From the looks of the plan \u2014 formulated by consultancy firm SOFRECO \u2014 most of that spending will be geared towards building up capacity of coal power, whose spending will reach USD 38.6 bn until 2030, Electricity Minister Mohamed Shaker tells Al Borsa<\/a>. No projections for electricity subsidies cuts were announced. USD 30 bn will be spent on developing oil and gas fields in the Mediterranean, said Oil Minister Tarek El Molla. Separately, El Molla discussed new funding for oil and gas projects with top officials from the China Development Bank, Al Masry Al Youm<\/a> reports.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt will need USD 75 bn to develop its energy sector between 2018 and 2022, according to the development strategies of both the Electricity and Oil ministries. USD 45 bn will need to be spent on developing the electricity sector, with a long term plan to generate 51.7 GW by 2030. From the looks of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-649236","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"76fdac80-a35c-4ea9-843d-f29df97c16ba","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[649212],"teaser":"","voice_url":""},"yoast_head":"\nEnergy spending will total USD 75 bn for the next four years - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/energy-spending-will-total-usd-75-bn-for-the-next-four-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Energy spending will total USD 75 bn for the next four years\" \/>\n<meta property=\"og:description\" content=\"Egypt will need USD 75 bn to develop its energy sector between 2018 and 2022, according to the development strategies of both the Electricity and Oil ministries. USD 45 bn will need to be spent on developing the electricity sector, with a long term plan to generate 51.7 GW by 2030. 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