The Cabinet approved the draft plan to take measures to cut down on the consumption of electricity, which would increase natural gas exports and allow the Egyptian economy to benefit from foreign currency.
Applying the power pricing indexation mechanism will boost the energy investments and increase the production in Egypt.
The electricity generation capacity across Egypt is currently stable with no power-cuts as power plants are constantly supplied with sufficient amount of natural gas and mazut.
Egyptian electricity production jumped by 7.3% year-on-year (YOY) in May 2018, generating 17.7 megawatts per hour (MWh) compared to 16.5 MWh in May 2017.
Households consumed 42.7% of the electricity generated in Egypt during the month of August.
Page 1 of 1
