Electricity sector accounts for LE 45.3B of Egypt’s public investments in 20/21



Sun, 26 Apr 2020 - 02:36 GMT


Sun, 26 Apr 2020 - 02:36 GMT

FILE - Planning Minister Hala el-Saeed

FILE - Planning Minister Hala el-Saeed

CAIRO – 26 April 2020: Electricity sector allocates LE 45.3 billion of public investments in Egypt’s sustainable development plan for the fiscal year 2020/2021, according to Minister of Planning Hala el-Saeed.

These investments will help in the implementation of several strategic projects, including, electrical feeding to East Al-Uwaynat, and projects for extracting minerals from black sand, and the power linkage project with Sudan. In addition, the projects will include transferring and transforming the conflicting network with the project of developing national roads, completing the nuclear plant in Dabaa, electrical feeding to the southeastern coast, and replacing air lines with terrestrial cables.

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Saeed delivered a statement of the sustainable development plan project for the fiscal year 20/2021; the third year of the mid-term plan 18 / 2019-21 / 2022, on Tuesday, before the plenary session of the House of Representatives, headed by Dr. Ali Abd El Al, Speaker of Parliament.

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The minister said that everyone should cooperate and adhere to the precautionary precautions to confront the Corona virus, noting that we are facing a state of uncertainty; it is difficult to determine the required procedures precisely, but it requires the greatest degree of adaptation and flexibility in taking necessary actions and at the appropriate times.

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She indicated that according to the first scenario - which is the likely scenario - the crisis ends with the end of the current fiscal year (June 2020), but if the crisis continues according to the second scenario until the end of December 2020, the expected estimates will be reduced 30 percent than the first scenario.

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