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Shaker noted that Egypt has huge daily reserves of electricity up to 20,000MW that can be used in many fields.
The violating companies includes Egyptian Gulf Company for Tourism Projects, Misr Italia, and UGCO
This came during a meeting with the Committee on Energy and Environment in the House of Representatives chaired by Talaat El-Sewedy on Monday, to discuss challenges facing the electricity sector.
WBG, LAS, and AFESD launch 1st Pan-Arab Energy Trade Conference in Cairo
According to the agreement, Misr Helwan will swap its debts owed to the electricity distribution company, estimated at EGP 143m until August 2019, for real estate assets after their valuation.
Alternative feeding will be completed via Owainat-Balat line in December
Infinity Solar aims to launch 200 MW power plants, sell power to factories
New tariff set at EGP 3.5 per kW for electricity, EGP 25 per tonne for water
A source at the Egyptian Natural Gas Holding Company told Daily News Egypt that the consumption of gas stations decreased by about 300m scf/day as temperatures fell and the winter months approached.
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