Undersecretary of the Ministry of Electricity Sabah Meshaly stated on behalf of Minister of Electricity Mohamed Shaker, that Egypt has issued legislation to boost investments in production, transportation and distribution of electricity.
The legislation would include the approval of restructuring the sales tariff of electric power, as well as amendments on the New and Renewable Energy Authority’s law (NREA) giving it a wide authority to invest in energy production.
Meshaly said that over the past few months, progress has included a new electricity law, which is expected to be approved by President Abdel Fattah Al-Sisi within the next few days. She added that the government is doing its best to apply clean coal to generate energy.
Minister of Electricity Mohamed Shaker said Egypt is witnessing remarkable progress in creating the infrastructure for investing in the energy sector. All international institutions specialised in electricity acknowledged this progress, and are competing to invest in the sector.
Over the past few days, the government has been working hard to improve the performance of the electricity system, Meshaly added. Meanwhile, agreements to include 13,200 MW and support for the national network until 2020 are about to be signed. She concluded that Egypt, in cooperation with different Arab and European countries, is trying to make use of the modern experience of electricity production.