Egypt and Libya discuss cooperation in the electricity sector

The two countries discussed the activation of the signed agreements and the review of the results of the Egyptian-Libyan Supreme Committee meetings held in 2021, as well as coordination to hold new meetings and promote investment.

  • Meeting between Egyptian Prime Minister Mustafa Madboul and his Libyan counterpart Abdul Hamid Dbeibah.

Egyptian Prime Minister Mustafa Madbouly and his Libyan counterpart Abdul Hamid Dbeibah discussed in Cairo bilateral cooperation in the electricity sector in order to stabilize the general network and activate the interconnection between both countries.

During the meeting, the parties discussed the activation of the signed agreements and the review of the results of the Egyptian-Libyan Supreme Committee meetings held in 2021, as well as coordination to hold new meetings and promote investment.

Other topics discussed included support for the private sector, the organization of exhibitions and conferences for industrial development, and the formation of the Council of Entrepreneurs under government supervision and providing them with the necessary support.

Currently, Egypt faces electricity shortages and needs to import natural gas and fuel worth around $1.18 billion to end power outages.

Suffering from an acute economic crisis exacerbated by a lack of liquidity, Egypt is seeking to establish new economic partnerships in its effort to find sources of financing.

The resumption of the work of the Supreme Committee took place after the visit of the Egyptian Prime Minister to Libya on April 20, 2021 and the signing of 11 cooperation documents in various fields, especially the economic one.

 
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