حفلة 2024

Egypt approves Private-to-Private Projects to boost investment

Egypt’s Electric Utility & Consumer Protection Regulatory Agency has approved regulatory rules for Private to Private Projects in line with state directives to boost investment and expand renewable energy production, the Cabinet reported on Monday.

This decision is part of the state’s strategy and the Ministry of Electricity and Renewable Energy’s plan to implement regulatory frameworks that support the Electricity Law.

It aims to open the electricity market to competition and increase private sector involvement in production, distribution, and sales. Global expertise will be involved in developing rules and legislation to facilitate this process.

The focus has been on activating bilateral agreements between private sector entities through Private to Private Projects, supported by the European Bank for Reconstruction and Development (EBRD).

Recently, the Agency conducted a consultative session to review these rules with the participation of numerous companies, financial institutions, electricity facility stakeholders, and the private sector.

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