Egypt plans to build a giant hydroelectric plant in Sinai at a cost of $9 billion
The Egyptian government has announced an ambitious plan to establish a pumped-storage hydroelectric plant in the Mount Sinai area of South Sinai Governorate. This project comes as part of the state's efforts to enhance its renewable energy capabilities and meet the growing demand for electricity across the country.
The production capacity of the new plant is expected to reach 2.5 gigawatts, making it one of the largest facilities of its kind in the region. The project concept relies on pumped-storage technology, which contributes to providing clean and sustainable energy and helps support the national electricity grid during peak times.
Preliminary estimates indicate that the investment cost for this massive project is approximately $9 billion. This significant investment aims to support economic development in the Sinai Peninsula, provide new job opportunities for youth, and attract additional investments to the region.
This step comes as part of Egypt's national strategy to transition toward green energy and reduce reliance on traditional fuels. The plant is expected to contribute to reducing carbon emissions, placing Egypt in a leading position on the map of clean energy-producing countries in the Middle East and Africa.
Officials emphasize that this project represents a qualitative leap in Egypt's energy infrastructure. With the commencement of executive steps, this achievement is expected to contribute to enhancing the stability of energy supplies and supporting the major development projects that the country is currently witnessing.