Summary of "Nile TV live Newsroom 13 1 2026 Ahmed Khattab"

Interview on the Obelisk Solar Project in Nagahadi

The video features an interview with Dr. Ahmed Katab, an economic expert, discussing the inauguration of the Obelisk Solar Project in Nagahadi by Egyptian Prime Minister Mustafa Bulli. This project represents a significant milestone in Egypt’s renewable energy efforts and aligns with the country’s Vision 2030 goals to achieve 42% renewable energy capacity.

Key Highlights of the Project

The first phase of the solar project has a capacity of 500 megawatts, supported by a 200 megawatt-hour battery energy storage system. The total planned capacity is 1,000 megawatts.
The project is implemented by a Norwegian company, positioning Egypt as a platform for international private sector financing.
It reflects strong strategic partnerships between the Egyptian government, private sector, and international financial institutions.
The initiative builds on momentum from the COP27 climate conference, emphasizing Egypt’s commitment to renewable energy, food, and water security.
International financial institutions have contributed approximately $625 million in concessional financing, including funds from:
- European Investment Bank
- African Development Bank
- European Bank for Reconstruction and Development
- International Development Finance Corporation
- British International Investment
The Egyptian government is investing in reinforcing the national electricity grid to accommodate the increased renewable energy capacity.
Continuous coordination under the prime minister’s leadership ensures the grid’s readiness and the success of financing mechanisms.
The partnerships and financing efforts also aim to create job opportunities for youth and support structural reforms.