Considered its worst in decades, Egypt's energy crisis that helped inflame the protests against former president Mohamed Morsi continued to grow in Sisi's first months in office, challenging the new government. Due to shortage in energy production, growing consumption, terrorist attacks on Egypt's energy infrastructure, debts to foreign oil companies and the absence of the needed periodic maintenance of the power plants, the energy blackout rates in Egypt rose to unprecedented levels, with some parts of the country facing around six power cuts a day for up to two hours each. In August 2014, daily electricity consumption hit a record high of 27.7 gigawatts, 20% more power than stations could provide. The next month Egypt suffered a massive power outage that halted parts of the Cairo Metro, took television stations off the air, and ground much of the country to a halt for several hours because of the sudden loss of 50 percent of the country's power generation. Sisi, on his part, said that the idler would be held accountable and promised to partially solve the economic crisis by August 2015, and that, beginning with December that year, the crisis will be dealt with entirely. Both long-term and short-term plans were introduced. In the short-term, Egypt signed a contract with General Electric (GE) to provide the country with 2.6 gigawatts by the summer of 2015. The first phase entered service in June and the final phase was expected to be completed by the end of August, making it one of the fastest energy transferring operations in the world according to GE. In June, Sisi's administration stated that for the first time in years, Egypt achieved a surplus in power generating capacity estimated at 2.9 gigawatts. In the long-term, Egypt paid more than $6 billion it owed to foreign oil companies between January and March. Energy contracts were placed as a top priority in the Egypt Economic Development Conference in March 2015, resulting in a $9 billion contract with Siemens to supply gas and wind power plants to boost the country's electricity generation by 50 percent, in addition to an energy deal worth $12 billion (LE91.5 billion) with BP to provide the country with an extra quarter of local energy production. Sisi also stated that Egypt is not just solving its energy crisis, but rather seeking to become a "global hub for energy trading." In Nicosia on 21 November 2017 he met President of Cyprus Nicos Anastasiades and the Prime Minister of Greece Alexis Tsipras. They encouraged and welcomed private sector initiatives of energy infrastructure projects, important for energy security of all three countries such as the EuroAfrica Interconnector, interconnector between Greek, Cypriot, and Egypt power grids via submarine power cable of length around 1,619-kilometre (1,006 mi).
ncG1vNJzZmivp6x7pLHLnpmsmZeaxKq3yGeaqKVflq%2BlsctmnZqspJa1brHLZqqiq5k%3D