Egypt aims to more than triple its installed power capacity by 2027 by adding 58,000MW at a cost of about $100bn to $120bn, the country’s electricity minister has announced.

Egypt has a capacity of about 25,000MW, Hassan Younes said at an economic conference in Cairo, reports Reuters.

“Today we are at 25,000MW and we plan to add 58,000MW by 2027,” the minister said.

He added that total investment would be between $100bn and $120bn.

Egypt, which also generates power from the Aswan High Dam on the Nile, has conducted two feasibility studies with Sudan and Ethiopia regarding hydro-electric plans, Younes said.