Latest in Tag: electricity Highlight
Latest in Tag: electricity

New electricity tariffs will save EGP 16bn from overall electricity subsidies in FY 2020: Beltone
The note added that the prices for higher consumption brackets, above 1,000 kW, remain unchanged at EGP 1.45/kW, as they already pay above the production cost of EGP 1.22/kW.

Households electricity prices hike by EGP 4-93.5 per month
EGP 17bn proceeds of Electricity sector from price increases

Info-graph: New electricity tariffs for households

Egypt to announce new electricity prices within days
EGP 1.14 per kW/h for LV consumers, EGP 0.75 for UHV consumers

Khartoum’s political unrest casts shadow over Egypt-Sudan electrical interconnection
A delegation from Sudan was supposed to visit Egypt and start the project but this has not happened so far.

New electricity tariff to be imposed in July
electricity pricing schemes to be submitted to cabinet for approval within weeks

Government completes renewable energy direct sale regulations in September
Arab, international companies awaiting approval to build projects worth $3bn

Negotiations with hotels in Sharm El-Sheikh to sell electricity produced in second phase
Tawakol: 80GW/h expected to be contracted with tourism sector

EEHC collects accumulated dues of EGP 6.1bn owed by government bodies
Total dues estimated at EGP 34.3bn until February

Tourism sector electricity dues scheduled over 36 months
The Canal Company for Electricity Distribution agreed to schedule the outstanding dues of the tourism sector over 36 months with 0% interest. An official at the Egyptian Electricity Holding Company (EEHC) said the decision is aimed not to ease the burden on the tourism sector, and help tourist installations to pay their electricity bills regularly …

Government purchases electricity from private sector for EGP 400m
The government has purchased electricity from the private sector for EGP 400m until March 2019. Sources at the ministry of electricity told Daily News that the Egyptian Electricity Transmission Company (EETC) and electricity distribution companies across the country are committed to repaying the dues of the companies without delays. The sources explained that the largest …

Egypt to implement several reforms in June including eliminating fuel subsidies: IMF
Authorities planning to hedge oil prices, but IMF advised caution, says report

ACUD plans to apply comprehensive electricity metering system
The Administrative Capital for Urban Development (ACUD) held a meeting with a number of smart electricity meter manufacturers and suppliers to discuss applying a comprehensive electricity metering system in the New Administrative Capital. Sources told Daily News Egypt that ACUD aims to launch a comprehensive installing system of electricity metres according to the highest international …

Government owes EGP 1.3bn to Alexandria Electricity Distribution Company
Company collects EGP 50m in fines on electricity theft cases, sells 1.2m LED bulbs, says Fouda

Electricity price increase to be settled within 2 months, applied in July
Committee based its study on EGP 17.5 as dollar exchange rate, changes could result in modifications

ABB to expand its investments in Egypt by 40% in 2019
Company plans investing in El-Dabaa Nuclear Power Plant, Egypt-Cyprus interconnection project, says managing director of ABB Egypt

Electricity distribution companies oblige users to purchase LED lamps to install prepaid electricity meters
Electricity distribution companies have been spotted obliging users to purchase LED lamps before installing their prepaid electricity meters. Daily News Egypt has witnessed the obligatory selling of LED lamps to citizens before they paid the fees for their meters. Informed sources told Daily News Egypt that the main reason for this move was due to …

Sudanese unrest halts power interconnection with Egypt
EETC completes about 70% of its targeted FY 2018/19 investments, says chairperson

World’s increasing electricity demand creates room for solar, traditional energy: CCC Senior Manager
One billion people suffer from shortage of electricity globally

Increase in cleaning fees on electricity bills in July
The government is planning to increase the value of cleaning fees, and will be included in the electricity bills. According to government sources, the cleaning fee is determined based on the value of consumption and geographical scope, and will increase with the increase in the value of electricity consumption segments to be implemented in July, …

Empower aims to sell energy to factories on IPP scheme: Elgamal
Company sold electricity produced from waste plants with 900,000 kW/h capacity for EGP 1m

Deferred liberalisation of electricity sector, continued subsidies
Proposal to apply VAT on highest consumers instead of cross-subsidy

Solar energy: Factory’s haven to avoid high electricity prices
Institutions receive low, fixed tariff, will not bear cost of setting up stations

Egypt aims to exchange electricity with Sudan, Saudi Arabia, Cyprus this year: Shaker
Feed-in tariff projects in Benban to kick off by end-year

Egypt plans to increase electric connection capacity with Jordan to 1,000MW
“Relations between two countries witnessing positive development in all fields, especially in electricity sector,” say sources

State electricity companies exchange stagnant spare parts saving EGP 1bn annually
State-run electricity production companies began to exchange unused spare parts in their stores for maintenance, replacement, and renovation works. An official in the ministry of electricity informed Daily News Egypt that the decision aims to ration expenses, control purchases, facilitate spare parts trading, and save time spent in this process. The decision is expected to …

Egypt to start first phase of electricity interconnection with Sudan within three weeks
electricity exchange capacity with Jordan, Libya to reach 1,000MW

Period of inspections, payment for coded electricity meters extended for 2 months
Council of Ministers competent authority to open door to receive new applications: al-Far

EgyptERA’s board formation delays meetings on electricity price hikes
All consumption segments to see increases in prices at variable rates by next July: sources

EGP 140bn in budget for sanitation, water, electricity services in New Administrative Capital
By end of 2020, New Capital will be ready to receive 34 ministries, 50,000 employees, presidency, parliament