As part of the same package of measures, the price of electricity would be reduced for heavy industry consumption, from EGP 1.10 ($0.07) to EGP 0.10 ($0.006) per KWh. For other industries, the price is to be kept stable for 3-5 years.
Climate change increases water crisis in Middle East
The firm allocates $15m-$20m per investment, but investment will only take place when a clear monetary policy is in place amid fluctuations between the dollar and Egyptian pound
‘Invest in Egypt 2014’ conference kicks off in Abu Dhabi, amid speculation on the country’s potential for green energy
The conference will discuss Egypt’s energy situation and will seek to find alternative energy methods
