The meeting, led by Prime Minister Mustafa Madbouli, who has been in office since 2018, tasked the new ministers of electricity, petroleum and finance to resolve the power outage issue as quickly as possible.

"From now on you are entrusted with the task of developing a permanent solution to this problem. We have first started the current summer months by pledging to provide approximately US$1.2 billion to finance the purchase of the petroleum materials needed to operate the power plants. "Proposed an extraordinary solution." Madbouli was quoted as saying in a cabinet statement.

"We have promised to provide a final solution by the end of the year, which requires all measures to be implemented," the Egyptian prime minister said, according to Xinhua news agency.

Egypt's new cabinet was sworn in on Wednesday in a massive reshuffle, including new ministers for defence, foreign affairs, justice, electricity, petroleum, finance, agriculture, civil aviation and tourism and antiquities.

Last week, Madbouli said the country could phase out summer power cuts by the third week of July if the production fuel shortage is resolved.

For a year, Egypt has been implementing daily load-shedding power cuts to ensure the safe operation of the grid and generation facilities.