Back to the complete issue
Monday, 30 May 2016

Executive regulations for the Electricity Act are out

Deregulation ahoy? Electricity Act executive regulations are out — a week ahead of schedule: The executive regulations for the Electricity Act — the first step in deregulating the sector — are out a week ahead of schedule and have been published on the Official Gazette. The executive regulations, which would see the state become the regulator and (separately) owner of transmission infrastructure, but not the sole market player. The regulations will establish a new regulator to set the price of power and oversee the activities of the private sector in the national grid. The regulations also lay out the conditions for production and distribution licenses, banning companies from piggybacking on another company’s license. Power transmission will be the sole purview of the Egyptian Electricity Transmission Company, which is also charged with setting the conditions and strategy for deregulating the national grid at some future time. The EETC will also be charged with developing plans to expand the national grid for the next 5-10 years. Last week, Electricity Minister Mohamed Shaker stated that the executive regulations would take effect as soon as they were officially published. Al Borsa ran a copy of the regs which you can view here (pdf).

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.