Egypt Business Directory - Catalogl2 News

Egypt’s factory solar plan is changing industry

Ceramics and sanitary ware factories will prepare action plans to cut natural gas consumption by up to 25% and electricity use by 15%.

The committee can increase prices, keep them unchanged or reduce them, depending on the cost of supplying fuel to the Egyptian market.

If the plans move forward as intended, the factory would also have an annual production capacity of 2 GW.

Abstracts must be submitted by Thursday, July 9, 2026. Successful authors are expected to be notified in September.

The bottleneck is whether the national electricity grid can absorb, transmit and manage the power those projects are expected to generate.

The government has now reduced arrears owed to international oil and gas partners to zero, after the debt had reached around $6.1 billion in 2024.

It is a fiscal and compliance move that mainly affects companies involved in buying, selling, supplying, or accounting for natural gas.

While the headlines surrounding the discoveries are optimistic, the bigger picture is far more complex.

For investors and business leaders, the significance of this transition extends far beyond electricity generation.

The newly signed crude oil memorandum with Algeria — alongside a $1.1 billion oil field development contract involving Egyptian companies.