Egypt Invests EGP 2 Bln in Electric Power Sector

Egypt has implemented an investment plan in the electric power sector in Upper Egypt at the cost of EGP 2.05 billion during the fiscal year 2018-19.

Chairman of Middle Egypt Company for Electricity Distribution Raafat Shamaa said that the company has implemented, during the last fiscal year, a multi-faceted investment plan at a cost of about EGP 921.34 million in the context of confronting the development of loads and increasing energy demand for economic and social development projects.

Shamaa added that the plan was financed by the State Treasury to replace the mid-voltage lines passing over the residential blocks to the ground cables. Up to 196 operations were adjusted with a total length of 114.24 km, which resulted in reduced faults, improving the quality of electricity supply for subscribers.

He pointed out that the maximum load of the company during the last fiscal year amounted to 2978 MW, an increase of 0.74% from the previous year, pointing out that the number of subscribers during the last fiscal year reached 3893 thousand subscribers, an increase of 158 thousand subscribers from the previous FY2017-18.

For his part, Chairman of the Egyptian Electricity Holding company Samy Arafa said that the company implemented 71.44% of a project, financed through a loan, worth EGP 939.811 million during the last fiscal year, adding that the company executed 99.11% of a self-financed project worth EGP 198.11 million conducted for electrical networks.

Arafa pointed out that the plan to replace electrical transmission lines with ground cables amounted to EGP 39.796 million with an implementation rate of 82.54 %, noting that 37.36 km of cables were installed.