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Wednesday, 13 July 2016

Egypt begins twinning project with Greece, Italy

The Egyptian Electric Utility & Consumer Protection Regulatory Agency (EgyptERA) announced the launch of a twinning project with the Greece’s Regulatory Authority for Energy, and the Italian Regulatory Authority for Electricity, Gas, and Water to provide technical support to Egypt’s energy sector, Al Masry Al Youm reported. The project duration is 23 months with a budget of EUR 1.225 mn and is underpinned by three pillars, said Electricity Minister Mohamed Shaker. First, establishing methods to transform the electricity sector to a free market model with the government playing the role of regulator. Second, a revision of administration and legislation concerning licensing and dispute settlement. Finally, a framework for monitoring and evaluating company performance within the sector.

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