Egypt’s Electricity Says Implemented Investment Plan worth EGP16.5bn in 12/13

Minister of Electricity and Energy Ahmed Imam stated within the meeting of the General Assembly for the Egyptian Electricity Holding Company that the total implemented investment plan for the year of 2012/2013 reached EGP16.5 billion.

Imam explained that during the meeting it discussed the difficulties which are facing by the company and the measures which have been taken in consider in order to overcome this hard phase.

He said the obstacles include the raising the investments plan of transportation, production and distribution firms, the loans’ premiums and interests in addition buying the electricity energy in low prices.

Imam pointed out that the sector will coordinate with the petroleum sector so as to provide the needed fuel to operate Power plants and to conduct integrated study through Consultant Office for creating the first global coal plant.