Ahmed Kouchouk, Minister of Finance, confirmed during the "Energy Journey" session on the fourth day of the Egypt 2026 Forum that rationalization measures have reduced fuel and gas consumption by 20%.
Proactive Measures to Hedge Against Crises
Kouchouk explained that the State has developed an integrated plan for public finance sustainability covering various axes, including diversifying the energy mix while taking proactive measures to hedge against crises rather than waiting for them to occur.
Every New Gigawatt of Renewable Energy Saves Approximately $250 Million in Gas Imports
The Minister of Finance revealed that every new gigawatt of renewable energy saves approximately $250 million in gas imports, confirming that reducing fuel and gas consumption by 20% has achieved direct savings in the general budget amounting to EGP 7.8 billion.
El Dabaa Plant Will Save $4 Billion When Fully Operational
Kouchouk pointed out that the El Dabaa Nuclear Power Plant will achieve savings of up to $4 billion when fully operational, noting that storage technology has also contributed to achieving significant savings.
He stated that the Ministry seeks to convert 1,000 megawatts in factories and other facilities to renewable energy, which is expected to achieve savings worth $145 million in the cost of gas used to produce the same quantity.
