LONG-RUNBuilding new power plants funded by international bodies.
ELECTRICITY CRISISIN EGYPT
An Infographic produced by the ALEXBANK Research Team
Egypt witnessed an unprecedented wave of power outagesacross the country, lasting up to six hours per day in Cairo & twice that in some parts of Upper Egypt.
The electricity crisis in Egypt is stemmed from the imbalance between the supply & demand
102014
1
Diversify the energy resources & revive El Dabaa nuclear project.2
By 2019 Increasing power prices to reach the cost price.3
SHORT-RUNFuel shipments from Arab gulf countries (aid & imports).1
Government removed subsidies over the petroleum products in July 2014.
2
Egypt started to pay part of its foreign companies dues.
3
GOVERNMENT MEASURES
Higher population growth rate againstsluggish growt in the generated power.In 2013, the subscribers number exceeded
29.7(Million Customer ) up by 10% from 2010
Power Shortfall
5000
$
As the temperature in summer goes up more pressure to be put on an already stretched power system.
of total consumption42%Th
e Ho
useh
old
secto
r con
stitu
tes
REASONS BEHIND THE OUTAGES
DEMANDSUPPLY
2015
O�cial Global Partner O�cial Global Intesa Sanpaolo Group
$25 Bil
lion Indebtedness
to financial institutions
27% of power plants are rickety
$6.3 Billi
on
Dues owed toforeign partners in the oil sector
Country's dwindlingforeign reserves by
over the last 3 years to reach 300 Attacks in the
last months &Cables robbery
Billi
on$1655%
of total inputs
Inability to bear the cost of importing or paying arrears and then gas shortage.
78.3%
Natu
ral g
as
repr
esen
ts
As the electricity ministry stopped maintainence & operated at
of its capacity86%
Production Vs. Consumption
14%are annual losses due to 11%losses in transmission between sources of distribution points and distribution to consumers & 3% are consumed by the power station to operate
Out of the total production
And then the available energy is just equivalent to the needed demand over the year. However, peak loads may exceed the country’s production capacity (22k MWH) daily, depending onseasonality.
KEY FACTS IN 2013
Consumption By Sector
Although the governmental entities constitute a small fraction of total consumption, they represent the least committed sector in paying the Electricity Ministry back.
Peak load by season
Mega Watt per HourPeak load
Mega Watt per Hour
Mega Watt per Hour
Commerical (10%)
Governmental Entities (5%)Public lighting (4%)
Utilities (4%)
Agriculture (4%)
Industries (28%)Residential (42%)
Production By Sources
91%of the power generated is provided by fossil fuel
9%of the power generated come from renewable resources
Thermal Hydro Wind Solar
Power Generated Energy Sold2010/11 2011/12 2012/13
140K
135K
126K
164K
157K
146K
22.7
K
23.6
K
27.1
K
24.2
K
Sept- Nov.Jun.- Aug.Mar. - MayDec. - Feb.
The summer months
loadswitness the highest
2009/10
2010/11
2011/12
2012/13
22.7K
23.4K
25.7K
27K
HEAVY DEBT
$
AlexBank is one of Egypt’s leading private sector banks. Established in 1957, the bank later sold 80% of its shares to the Italian group Intesa Sanpaolo. The IFC subsequently became a shareholder ,acquiring9.75% of the bank. AlexBank has since launched an ambitious development strategy to move in line with Intesa Sanpaolo’s innovative systems and platforms and has recently set the standardfor branch design,IT infrastructure, services and a portfolio of financial services. With a country wide network of 180 branches and over 1.5 million customers, AlexBank represents Egypt’s largest private sector bank in terms of branch network and one of the largest in terms of deposits with an 8% market share.
www.alexbank.com
October2014
Mega Watt per Hour