Mohamed Shaker
Shaker added during his speech, Tuesday, at the opening session of the first dialogue of the Energy Transfer Council, that the required land was identified with a 5-year plan aiming to produce about 2.9 million m3 / day.
These investment contributed to the implementation of 10 new dispensers, 212 new transformers, the addition of 140.2 MVA capacity in addition to 157 metal kiosks, and the installation of 1533 medium voltage poles and a number (2104) Low voltage pole.
During the meeting, Shaker said the KfW's participation in financing the electricity sector represents its confidence in the sector’s success.
Shaker explained that, within 4 years, 28 thousand megawatts were added, through a plan that relied on 3 axes, namely the construction of new stations, the development of existing stations, and the maintenance of stations.
Shaker added that prepaid meters are distinguished by the fact that they do not need any human intervention and are fully functional.
Whoever consumes more than 650 kilowatts per month will be excluded from subsidies and will bear the actual cost of the kilowatt per hour, according to Shaker.
The rate of the new increase for the domestic sector will be 19.1 percent, down from 21 percent in 2019/2020.
The price of electricity for the domestic sector will be raised by the beginning of July 2020 by 19.1 percent.
Egyptian Minister of Immigration and Egyptian Expatriates Affairs Nabila Makram received an award from leading economics magazine Business Today, during the annual BT100 ceremony that honors top influential figures and companies positively impacting the E
This came during Shaker’s visit to Congo on Sunday, heading a high-level delegation that includes a number of leaders of the electricity sector.
The minister stressed that collecting these fees is not part of the Electricity Ministry's work.
The electricity minister said that the cost of the project amounted to LE 509 million, with a distance of 1,000 kilometers.
Prime Minister Mostafa Madbouli underlined on Monday the importance of nuclear energy as one of the strategic options to achieve sustainable development.
Minister Shaker conveyed the greetings of President Abdel Fattah El Sisi to the African event's participants.
The new prices come as part of the government’s economic reform program.
Egypt's Electricity Minister Mohamed Shaker announced in a press conference raising electricity prices by 14.9 percent starting July.
Egypt's Electricity Minister Mohamed Shaker announced in a press conference raising electricity prices by 14.9 percent starting July.
This came during Toyoda’s meeting with Egypt’s Minister of Electricity and Renewable Energy Mohamed Shaker.
The minister's statements came during the inaugural session of the second ordinary session of the African Specialized Technical Committee on Transport, Transcontinental and Interregional Infrastructure, Energy and Tourism.
Electricity Ministers of Egypt and Iraq have discussed means to enhance bilateral cooperation in the fields of electricity and renewable energy.
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