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Initiative to fight high rates of youth unemployment in Egypt
Egypt embarked on a bold economic reform programme that included the pound flotation, a reduction in fuel and electricity subsidies, imposing taxes including the value-added tax (VAT), all with the aim of trimming the budget deficit.
Programme involves redistributing workers to companies, increasing private sector participation
Shaker to visit Jordan next month to discuss increasing power exchange capacity to 2,000MW
Prices of the company’s products to increase by EGP 1 after the approval of new tax, says Fouad
Electricity Ministry buys a kw/h from solar, wind energy plants for 55 piasters
Fees reach 3.26 piasters per kw/h on ultra-high voltage, 8.43 piasters for high voltage, 10.83 piasters for medium voltage
Production surplus will be exported via gas liquefaction plants, sources reveal
Airport expected to sell 171m kw/h in FY 2020
Stability of energy demand drives the government to relocate some stations
Price 14% lower than government price, solar power plant covers 93% of needs, says Zahran
Project transfers production of solar energy feed-in tariff plants
Corporation invested about 75% of project’s total cost, says Bazan
Prepaid counters installed to provide liquidity, obtain depreciation value
The positive aspect of this method is that subscribers would pay reduced bills in return.
He added that the General Directorate for Electricity Police will write reports for electric thefts alongside imposing fines and jail time.
Shaker directs heads of distribution companies to raise collection rates, review invoices before issuance
Shaker said that the trial operation will start as soon as possible to exchange of 50-60MW, stressing that Egypt is ready to provide technical support to Sudan in particular and to African countries in general in the field of power projects.
Finance Ministry increases EEHC capital by EGP 2.7bn
Consultant to be selected for marine survey of cable track before end of August
Siemens, GE, Schneider Electric competing for implementation
The of the Egyptian Electricity Transmission Company (EETC) is seeking to implement projects with the budget of the fiscal year (FY) 2019/20 with investments up to EGP 19.55bn.
Breakbulk good opportunity to modernise fleet equipment, interview foreign partners: Nadeem
Investments of FY 2019/20 projects to reach EGP 53bn
EGP 7.5bn to complete plan to strengthen, expand high, ultra-high voltage networks
The Egyptian Electricity Transmission Company (EETC) is preparing to receive newly established electricity pylons that will link the Balat substation with Sharq El Owainat in the New Valley governorate next month
Intro Energy is planning to launch several projects to produce electricity from renewable resources with investments of $100m within three years
Moreover, she explained that the unified reading system reviews the consumption data before issuing bills in order to avoid any mistake. All data and readers are also monitored by the system.
The note added that the prices for higher consumption brackets, above 1,000 kW, remain unchanged at EGP 1.45/kW, as they already pay above the production cost of EGP 1.22/kW.
EGP 17bn proceeds of Electricity sector from price increases