Ramsco's Women Empowerment Initiative Recognized Among Top BRICS Businesswomen Practices for 2025    Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    Gold prices end July with modest gains    Pakistan says successfully concluded 'landmark trade deal' with US    Egypt's FM, US envoy discuss Gaza ceasefire, Iran nuclear talks    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Federal Reserve maintains interest rates    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Rafah Crossing 'never been closed for one day' from Egypt: PM    I won't trade my identity to please market: Douzi    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt's EHA, Huawei discuss enhanced digital health    Egypt, Oman discuss environmental cooperation    Egypt's EDA explores pharma cooperation with Belarus    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    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.



Electricity Minister: Govt may increase electricity prices
Published in Almasry Alyoum on 20 - 07 - 2010

The Egyptian government has not imposed any price increases on electricity since 2008, said Minister of Electricity Hassan Younis, implying that the government is examining the possibility of raising electricity prices.
A possible increase in prices will take into account limited-income categories, Younis added.
In a television interview with the head of the Egyptian Television news section, Younis denied that any pressure had been placed on Egypt to exclude Dabaa as a site for Egypt's first nuclear power station. According to the minister, studies have demonstrated that Dabaa is the best location for the station, and tourist development in the area should not be impeded by the project.
The nuclear project will only be launched after all necessary studies have been completed, the minister said.
Younis said current investments in the electricity sector amount to LE80 bn, and future investments between 2010-2017 will reach LE120 bn. The state will not bear the costs of any of these projects, he said.
Egypt is the most advanced African country in the field of electricity, according to Younis. However it has a problem with power cuts at peak hours of consumption, especially during the summertime. Three thousand megawatts of electricity are needed on a daily basis to cover peak-time usage of electricity.
It is not possible to instigate projects costing around LE17 bn just to enhance service over the two-hour peak consumption period of the day, Younis said. The solution is to reduce consumption during peak hours, from 8PM to 10PM. The government has already started moderating consumption and so should citizens, he said.
Younis revealed that domestic consumption of electricity exceeds consumption by the industrial sector--the opposite of the situation in developed countries. There are currently more than three million air conditioning units installed in homes, the minister added.
Younis encouraged the use of low-consumption neon light bulbs, saying there should be no fears of their causing health risks.
Translated from the Arabic Edition.


Clic here to read the story from its source.