EETC postpones transformer negotiations, cites lack of liquidity

The Egyptian Electricity Transmission Company (EETC) has postponed negotiations with six companies to establish four power transformer stations with an investment value of USD 250 mn due to a lack of liquidity, unidentified sources from the Electricity Ministry told Al Borsa. The EETC is currently looking into arranging a loan from the National Bank of Egypt, and plans on relaunching negotiations mid-February.