Implementation of Central Egypt Electricity Distribution Company self-investment plan at 70%
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The Ministry of Electricity has allocated EGP 22.5bn for the maintenance of cables and developing electricity across the country within the next three years. El Husseiny El Far, member of the affairs of electricity distribution companies department in the Egyptian Electricity Holding Company (EEHC), said that the strategy of the ministry in 2017 is focused …
The company is communicating with NBE, Banque Misr to arrange a syndicated loan, say sources
The company achieved a net profit of $2.2bn last year and injected $830m worth of investments since 2012 to create new products
A source at the company said electricity distribution companies need 79 medium-voltage dispensers that cost EGP 24.8m, medium voltage network lines 1,375km long that cost of EGP 234.9m, and 3,498km long cables that will cost EGP 1.2bn.
The official added that EGPC has recently faced difficulties in monitoring fuel distribution and following up on shipment arrivals at depots and then to stations.
Prime minister demands housing minister withdraw business from contracting companies violating project implementation terms