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Amnesty International said last week that Egypt is witnessing a “catastrophic” decline in human rights. Indeed, human rights conditions in Egypt are currently a disaster, but the “catastrophe” Egyptians are witnessing these days is all-encompassing. On Friday, the government announced an increase in fuel prices – a step every government has struggled to take and …
Government increased petroleum product prices Saturday after cutting subsidies
Ministry of Finance plans to submit bill to amend wage system for cabinet
The increase allocated to the ministry amounts to approximately EGP 14bn and will not be sufficient to pay the value of fuel after amending the price to $3 per million BTUs compared to the previous $1.85
70% of Egypt’s gas production pumped to power stations through Ramadan, senior official says
“The state will provide financial allocations to import gas for electricity through any possible means,” says Ismail
Swiss electrical hopes to raise sales in Egyptian market by 10% to EGP 2bn by the end of 2014
Abdel Nour to handle SMEs while Al-Araby takes on administrative development
A large part of foreign contracting for importing liquefied natural gas has been completed.
Budget witnesses major changes in health, education, electricity and petroleum products subsidies.
EGAS president says shipments will meet electricity demand for two and a half months
Egypt looking to secure gas supply during the coming years to keep its power plants running
Prime minister denies reports that Suez would be transferred to the authority of Cairo governorate
The government will rely on loans and grants from Gulf countries to fund the deficit, says head of the Egyptian Electric Utility and Consumer Protection Regulatory Agency
EGAS to no longer pump gas to EDCO factory
Ministers call on Egyptians to reduce electricity consumption during peak hours
Industry minister says that starting next June, new air conditioning system will be adopted with the aim of rationing electricity consumption
Prime Minister attempts to find fast and unconventional solutions to address energy shortages
Summer blackouts have hit Egypt in the past few years as successive governments have failed to develop a sound strategy
Four NGOs warn that decision will have “devastating consequences” on health and economy
Natural gas will be imported address fuel shortage to power stations, cabinet says
AFESD allocates $200m to power station in Assiut, $162m to Egyptian-Saudi electricity linkage project
The electricity sector currently operates at 86% of its capacity, while maintenance and operating deficiencies account for the remaining 14%.
The energy and electricity ministry aims to ration electric power consumption by 20%
Minister Mohamed Shaker tells citizens to direct complaints over rising energy to companies that provide the service
“What matters for banks is the ability to meet deadlines for loan repayments,” says former Chairman of Misr Iran Development Bank
The upgrade project will cost EGP 900m and will be financed by several international entities along with the national East Delta Electricity Company
The funding will be used to maintain and renovate the Al-Waledeya station’s first unit boiler, which will be carried out by the boiler’s original producer Mitsubishi.
The contract shall be concluded Sunday between the Egyptian Electricity Transmission Company and the Indian Company with a total amount of $95.7m, including $57.7m, €19.7m and EGP 108.6m
Minister of Electricity says summit will discuss the national five-year plan (2012-2017) for electricity expansion