The National: Tackling Fiscal, Gas and Electricity Challenges Is Central to Resolving Egypt’s Energy Crisis

The Egyptian president Abdel Fattah El Sisi wants government employees to replace the lightbulbs in every house in Egypt to help solve the country’s energy crisis.

But even with low-energy bulbs, Egyptians can expect another sweltering summer of power cuts. They face three interlocking energy crises – an electricity crisis, a gas crisis and a fiscal crisis.

The gas problem is the combination of fast-growing demand, spurred by subsidies, with underinvestment in new gas production and inadequate prices to producers dating back to the Mubarak era.

The electricity crisis is also driven by rampant demand, which grew almost 5 per cent last year, and would have been even higher had it not been for widespread power cuts.

Read the full article HERE.