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Monday, 17 October 2016

Electricity Ministry taps ESB International to advise on EETC demerger

Early sign of progress on deregulation of power industry? The Electricity Ministry has contracted ESB International to advise on the demerger of the Egyptian Electricity Transmission Company from the Egyptian Electricity Holding Company, Al Borsa reports, citing unnamed sources. The ministry is looking to transform EETC into an independent regulator as part of the Electricity Act, Electricity Minister Mohamed Shaker said. Under the act’s executive regulations, the EETC would manage the national grid and develop a strategy that would open it to use by private electricity producers.

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