Electricity Min. supports Egyptian investors, promotes local product

BY

Thu, 28 Mar 2019 - 11:17 GMT

Electricity - Dodi via Flickr

Electricity - Dodi via Flickr

CAIRO – 28 March 2019: Minister of Electricity and Renewable Energy Mohamed Shaker affirmed Wednesday that the ministry is ready to provide full support to all Egyptian investors in the field of electricity and renewable energy.

Shaker added that his visit to some national factories of electricity meters comes within the framework his keenness to encourage the national product that benefits the state and the citizen, pointing out that he is fully prepared to provide investors with full support.

The minister stressed that he has always preferred to rely on Egyptian products in the ministry's projects instead of importing from abroad.

Three years ago, Egypt started distributing prepaid-meters across the country in a bid to control consumption and guarantee citizens’ bills reflect their actual consumption. This came in response to repetitive complaints about the high electricity bills following subsidy cuts carried out by the government.

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