The government has revealed the details of the program to completely resolve the energy crisis by the end of 2019, according to a government source.

The Ministerial Economic Committee has agreed to broaden the use of coal as an alternative fuel for natural gas in all fertilizer and cement factories. The decision is expected to be gradually applied, as appropriate storage to accommodate the needed amount of coal venues have not been set, a source at the ministry of petroleum told Egypt Oil & Gas.

Egyptian President Abd Al-Fattah Al-Sisi, noted during yesterday's speech, that the country has been trying to resolve the energy crisis over the past year and a half, focusing on improving the electricity infrastructure.

A source at EGPC revealed to Egypt Oil & Gas that negotiations with a number of foreign oil companies are underway to buy their share of liquefied natural gas (LNG) to meet the needs of power plants and factories suffering shortages during the current fiscal year.

Chairman of the Federation of Egyptian Industries Mohamed El Sewedy said that the Egyptian Prime Minister, Sherif Ismail, has pledged to end the gas shortage suffered by factories by this November.

EGAS still is refraining from supplying to MOBCO, Misriya 1 and 2, Nasr, Helwan, Alexandria, and APEC fertilizer factories thanks to the continued rising fuel demands of power plants, an EGAS official explained in statements made to Al-Borsa.

Maher Aziz, member of the World Energy Council, said Egypt needs EGP 140bn (US$18.2bn) to solve its ongoing electricity shortages.

The Egyptian Natural Gas Holding Company (EGAS) suspended gas supply pumping to 80% of fertilizer plants of dense fuel consumption in Egypt.

Egypt steel producer Al-Ezz Dekheila Steel Company, owned by Ezz Steel, announced Monday it has registered EGP 116m in net losses in the first quarter (Q1) of 2015. The latest figures are down from the EGP 144m in net losses achieved in the corresponding period in 2014.

Misr Iran Development Bank ( MIDB ) is working on inject EGP100m in an EGP1.5bn ($196.6m) financing for state-owned Egyptian Electricity Holding Company ( EEHC ).