The Egyptian Electricity Utility and Consumer Protection Regulatory Agency (EgyptERA) will approve its Dispute Settlement Committee’s recommendation in the dispute between the Misr Italia Company for Tourism Development and the Canal Company for Electricity Distribution (CCED).
EgyptERA’s decision included the cancellation of the estimated EGP 2.4m fine issued by the electricity distribution company against Misr Italia’s Mousa Coast Resort in Ras Sidr, which was deemed illegal. The project also had a warning penalty imposed due to suspicions over its licence.
Misr Italia Company for Tourism Development was given a period of two months to complete the documents required for the annual licence renewal for fiscal year (FY) 2019/2020.
The extension period comes in accordance with the provisions of Article 23 of Egypt’s Electricity Law No 87 of 2015. The application of the fee increase has been prescribed by Article 28 of the Electricity Law’s executive regulations.
EgyptERA’s Board of Directors also approved the Dispute Settlement Committee’s recommendation in the dispute between the Egyptian Aluminum Company (Egyptalum) and the Egyptian Electricity Transmission Company (EETC).
The decision included the EETC’s right to demand that Egyptalum pay the value of its electric energy consumption insurance, in accordance with the changes to the contract or the tariff. The company will also be exempt from paying the delay fine stipulated in Clause No 5 of the contract drawn up between the parties to the dispute.
Regarding the current dispute between the Tropi for Tourism Development Company and the CCED, the agency gas decided to postpone the Dispute Settlement Committee’s study regarding the settlement period. This would take into account the emergence of the novel coronavirus (COVID-19).
EgyptERA has approved the renewal of many production and distribution licences for a period of one year. The licences are renewed upon payment of fees and after approval by members of the agency’s licensing committee.