The total value of bills for electricity consumption during the last month amounted to EGP 5.5bn, of which electricity companies collected EGP 3.8bn.
Sources at the Ministry of Electricity said that the commercial and household sectors are the ones most committed to paying for their consumption, as about 85% of clients pay their bills. On the other hand, government agencies and sovereign authorities see increasing dues.
A source told Daily News Egypt that electricity companies are still waiting to collect EGP 1.7bn for electricity consumption. Those amounts have not been paid yet by ministries, government agencies, and sovereign bodies.
Moreover, the sources said that Minister of Electricity Mohamed Shaker gave directives to chairpersons of distribution companies to increase collection ratios so that the electricity sector can pay its obligations. Rates are expected to reach 90% this month.
Among the companies that achieve high collection rates of up to 90% are Middle Egypt Electricity Distribution Company, South Cairo Electricity Distribution Company, Alexandria Electricity Distribution Company, North Cairo Electricity Distribution Company, and the Upper-Egypt Electricity Production Company (UEEPC).
The sources noted that a committee was formed to solve the financial issues resulting from government agencies not paying for electricity.
The dues of the business sector for electricity consumption amounted to EGP 11bn until February, including arrears owed by the Chemical Industries Holding Company and MICOR.
The sources added that a meeting was also held to put together a timetable for the collection of these dues.
The sources urged companies to pay their electricity companies so that the sector can continue expanding.
The Ministry of Electricity aims to collect dues owed by government agencies, ministries, and sovereign bodies, as well as private sector companies, especially since they collectively owe over EGP 50bn.
The sources pointed out that the electricity feed will not be cut off from any ministry or government agencies, or even companies, no matter how high their dues are.