Amid mounting debts for fuel supplies the weak pound is pressuring ambitious power expansion plans.

Egypt’s Ministry of Electricity has asked the cabinet for an increase in its monthly cash allocation as a result of last November’s 50% devaluation of the Egyptian pound. The plea comes as the ministry’s major capacity expansion program is beginning to deliver.

The devaluation sparked a jump in inflation, which last month hit 30%, the highest level since the peak of 35.1%...