Egypt, Saudi Arabia coordinate on regional crises ahead of first Supreme Council meeting    FRA launches first register for tech-based risk assessment firms in non-banking finance    Egypt's Health Ministry, Philips to study local manufacturing of CT scan machines    African World Heritage Fund registers four new sites as Egypt hosts board meetings    Maduro faces New York court as world leaders demand explanation and Trump threatens strikes    Egypt identifies 80 measures to overhaul startup environment and boost investment    Turkish firm Eroglu Moda Tekstil to invest $5.6m in Egypt garment factory    EGX closes in red area on 5 Jan    Gold rises on Monday    Oil falls on Monday    Al-Sisi pledges full support for UN desertification chief in Cairo meeting    Al-Sisi highlights Egypt's sporting readiness during 2026 World Cup trophy tour    Egypt opens Braille-accessible library in Cairo under presidential directive    Abdelatty urges calm in Yemen in high-level calls with Turkey, Pakistan, Gulf states    Madbouly highlights "love and closeness" between Egyptians during Christmas visit    Egypt confirms safety of citizens in Venezuela after US strikes, capture of Maduro    From Niche to National Asset: Inside the Egyptian Golf Federation's Institutional Rebirth    5th-century BC industrial hub, Roman burials discovered in Egypt's West Delta    Egyptian-Italian team uncovers ancient workshops, Roman cemetery in Western Nile Delta    Egypt, Viatris sign MoU to expand presidential mental health initiative    Egypt's PM reviews rollout of second phase of universal health insurance scheme    Egypt sends medical convoy, supplies to Sudan to support healthcare sector    Egypt sends 15th urgent aid convoy to Gaza in cooperation with Catholic Relief Services    Al-Sisi: Egypt seeks binding Nile agreement with Ethiopia    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Egypt flags red lines, urges Sudan unity, civilian protection    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    UNESCO adds Egyptian Koshari to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt cabinet to discuss privatising electricity transmission
With Egypt suffering from an ongoing energy crisis since the uprising in 2011 and parts of the energy grid in need of renovation, privatisation is being considered
Deya Abaza Published in Ahram Online on 17 - 02 - 2015

Egypt's government is set to discuss establishing an independent entity for the transmission of electricity in a move that would allow private sector participation in the market, so that businesses can sell electricity directly to the consumer at market price, says an official.
The plan is to change the electricity market from the current single buyer model, by which the state-owned electricity transmission company (EETC) operates the national grid by buying the electricity from producers then selling it to consumers at government-subsidised prices.
The cabinet will discuss a new electricity law on Wednesday designed to open up the electricity market to the private sector, Hafez El Salmawy, head of the Egyptian Electric Utility and Consumer Protection Regulatory Agency (Egyptera) told Ahram Online on the sidelines of the Future of Energy in Egypt conference, hosted by Al Ahram and EBA on Tuesday.
Egypt has been suffering from an acute energy crunch as foreign oil companies suspend extraction works on the back of growing arrears as political turmoil rose in the aftermath of a popular uprising in 2011. Parts of the national grid are also in need of renovation.
In September of last year, the government set feed-in tariffs at which it would buy electricity generated by the private sector via renewable energy projects.
Initially, there will be two markets- one competitive and one in which prices are set by the state, but with the gradual liberalisation of electricity prices over the coming five years the competitive market will expand to include more consumer segments.
"It will start with the largest consumers and end with households," said El Salmawy.
Egyptera was established in 1997 to be the regulator and watchdog of all activities of electric power generation, transmission, distribution, and sale.
http://english.ahram.org.eg/News/123295.aspx

Clic here to read the story from its source.