Egyptian Minister of Electricity and Energy, Dr. Hassan Younis has allocated $ 1.

7 billion (EGP 10 billion) to generate an additional 2,680 megawatts of electricity to meet high summer demand.

This is done through 24 new units, added Younis.

The units will be established in el-Shabab area, Damietta, west of Damietta and the Research Center for Ultra-High Voltage on Cairo-Alexandria Desert Road, according to the minister.

It is worth mentioning that Egypt is committed to amending the prices of gas exports to Israel in implementation of a ruling by the Supreme Administrative Court, an Egyptian General Petroleum Corporation (EGPC) official said Sunday 10/4/2011.

Ahead of the ruling, the EGPC and the Egyptian Natural Gas Holding Company (EGAS) agreed with the East Mediterranean Gas (EMG) that buys Egyptian gas and exports it to Israel to amend the gas price to run in line with world prices, el-Wardani Toni, EGPC Assistant Executive President, said.

So the price change agreement was implemented retroactively since the start of the exportation to Isreal, he said.

On February 27 of 2010, the Supreme Administrative Court annulled a previous ruling banning the export of Egyptian natural gas to Israel, saying it has no jurisdiction over cases of this kind which involve state sovereignty.

But the court still demanded that the government set a mechanism to determine the amount and price of natural gas it plans to send abroad after national market needs have been met.

Gas started flowing to Israel through a pipeline for the first time in May 2008 under an agreement signed in 2005 for the supply of 1.7 billion cubic meters a year over 20 years.

(Source: global.arab.network)