الرئيسية / news / Electricity Ministry, Elsewedy Electric discuss plans for loss reduction

Electricity Ministry, Elsewedy Electric discuss plans for loss reduction

فريق رجال الأعمال news 18 May 2025 06:24 PM
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Electricity Ministry, Elsewedy Electric discuss plans for loss reduction

Dr. Mahmoud Esmat, the Minister of Electricity and Renewable Energy, followed up with Engineer Ahmed El Sewedy, Chairman of Elsewedy Electric, and his delegation. Engineer Gaber Desouky, Chairman of the Egyptian Electricity Holding Company, was also present. The discussion centered on the progress of projects undertaken by Elsewedy Electric in the electricity generation, transmission, and distribution sectors, with a particular focus on projects providing electrical supply within the scope of the 'Future of Egypt for Sustainable Development' agency.

They also discussed cooperation in various fields related to the electricity and renewable energy sector, as part of the work plan to improve services, the quality of electrical supply, reduce losses, address electricity theft, and enhance performance rates in distribution networks. This aligns with the continuous monitoring of strategic energy project progress, the provision of electrical supply for agricultural development, land reclamation, and agro-processing, and the state's commitment to supporting the private sector and maximizing its role in the sustainable development plan.

Dr. Mahmoud Esmat reviewed the implementation status of the company's projects during the meeting, exploring methods to expedite their completion and grid connection to the unified network, while ensuring adherence to the planned schedule and timelines set within the state's sustainable development plan and national projects in agriculture, agro-processing, and the development of new agricultural and industrial communities. The discussion also involved addressing challenges to accelerate project progress.

The meeting covered various areas of cooperation with the company and its effective electricity sector projects. Proposals to reduce low-voltage losses and electricity theft were discussed as part of a plan to manage wasted energy in residential and industrial uses. The possibility of joint work in electricity distribution was also a key topic, aiming to enhance citizen services, maximize company profits, and improve asset management. This is in line with the work strategy of enabling the private sector to contribute their administrative, technical, technological, and financial expertise to advance affiliated companies.

The Minister stated that securing electrical supply through private sector cooperation and partnership is integral to the national energy strategy. He outlined the joint work to meet the demands of national agricultural development projects and provide the required electrical energy for increasing development needs. He noted that necessary steps are being taken to accelerate project implementation within set timelines and clarified the cooperation with the company in addressing electricity theft and ensuring quality electrical services for citizens. Furthermore, he emphasized the ongoing efforts to stabilize and maintain the unified network by utilizing renewable energies, reducing fuel use, and improving operational efficiency for sustainability.

He further stated that the Ministry of Electricity and Renewable Energy is actively working to support and localize the electrical energy equipment industry, particularly in renewable energies. This aligns with the state's broader vision to bolster industry and localize modern technology. He clarified the focus on local manufacturing of electrical equipment and the ongoing development of the network, including a gradual transition from a traditional to a smart grid capable of absorbing large generation capacities. This also involves utilizing the latest technologies for energy absorption and transmission, as well as employing technology to reduce losses and maximize the benefits of renewable energies through the introduction of energy storage technologies to enhance their utilization.