Three signatures in eighteen months tell you more about Egyptian wind than any capacity announcement.
Mona Rezk chairs the Egyptian Electricity Transmission Company. In early August she signed the 407 MW Zafarana power purchase agreement with Alcazar Energy. In July she signed a contract worth more than USD 40 million with India’s Bajel Projects for two sections of a 500 kV overhead line. Before both, in February 2025, she signed the capacity purchase agreement for AMEA Power’s two standalone battery projects totalling 1,500 MWh.
EETC is the offtaker on the Egyptian wind PPAs we track. One counterparty, one balance sheet, and one chairperson who also signs the contracts for the wires that move the power.
Which makes her budget report the document worth reading. EETC’s general assembly approved EGP 44.9 billion for FY2025/26, with 53 percent going to finish projects already started and 47 percent to new build, replacements and regional control. Fixed assets are forecast at EGP 202.7 billion. The transmission loss target for the year is 3.4 percent. Seven regional control centres operate today, and three more are being built or upgraded specifically to manage renewable integration. When Rezk reported FY2024/25, renewables reached roughly 14 percent of installed capacity.
Three control centres is a far smaller number than the wind book they are meant to dispatch, and I think it is the one that decides whether 2028 arrives on schedule.
Who signs both sides of the trade in your market, and have you read their capex plan?
