Sisi: State Committed to Settling All Due Payments to Foreign Partners

Cairo - Khadija Hamouda: President Abdel Fattah el-Sisi, in his speech during a panel discussion titled “The Egyptian Energy Journey: National Achievements and Future Prospects,” held as part of the fourth day of activities at the Egypt Forum 2026, stated that the forum’s objective is to explain the realities to citizens, including the challenges facing the state in the energy sector. He emphasized that the state is committed to ensuring the continuous availability of all energy sources despite these challenges. He noted that since 2014, the state has been keen on implementing a plan to address the energy crisis Egypt experienced in 2012 and 2013, with the primary challenge being the scale and source of financing. He added that plans were made to establish comprehensive energy infrastructure in Egypt, which would also rely on new and renewable energy sources.

Spokesman for the Presidency of the Republic, Ambassador Mohamed El-Shenawy, stated that President el-Sisi stressed in his speech the necessity of recognizing the multiple elements required to build power generation plants, as well as the cost of establishing the energy distribution network after constructing power plants, along with the costs of control and distribution stations. He also took into account other challenges related to international geopolitical conditions.

He emphasized that the state is keen on continuing cooperation with the private sector to further develop the energy sector, pointing out the Egyptian state’s commitment to settling all dues owed to foreign partners, which was already achieved in June 2026 by clearing all such outstanding payments.

Regarding the issue of rising energy prices, President el-Sisi clarified that the state bears the largest portion of the real cost of the energy provided, especially in light of global energy price increases. He stressed the importance of public awareness of all aspects of this sector, noting that bidding for higher energy prices takes five to seven years to yield results.

President el-Sisi pointed out that the limited resources available to the state often lead to borrowing in order to ensure the continuity of energy services for both citizens and the industrial sector. He highlighted the importance of explaining the true context of the challenges facing the Egyptian state, calling on the Egyptian people to stand by their country and continue working and producing to overcome all these challenges.