The rise in prices stemmed from multiple factors, including a surge in electricity segment prices exceeding 30%.
Esmat affirmed Saudi Arabia's backing for the project, stating that progress continues on both ends in accordance with the agreed timeline.
Additionally, the source added that the first operation phase will start in July 2025, for $1.8 billion.
Dr. Mahmoud Esmat, Egypt’s new Minister of Electricity and Renewable Energy, commits to building on his predecessor's progress.
The new work system is scheduled to commence on Sunday, August 6th, and will continue until the end of the month, allowing certain government agencies and sectors to have their employees work from home online exclusively on Sundays.
