Egypt is tapping the finance market for loans to support an electricity sector investment program, that could see more than 20GW of new mainly gas-fired generating capacity added by the end of 2020, and almost 40GW of capacity incorporating a variety of energy sources in the longer term.

The biggest single component of Egypt’s electricity expansion plan to date is an €8bn ($8.55bn) contract awarded to Germany’s Siemens, for gas-fired and wind turbines with a combined...