In another step towards deregulating the electricity market, the Egyptian Electricity Transmission Company (EETC) held its first general assembly on Sunday after it split from the Egyptian Electricity Holding Company, Al Masry Al Youm reports. Electricity Minister Mohamed Shaker said that procedures to completely spin off the company are ongoing and once completed would see the EETC transform into a market regulator and transmission system operator as per the executive regulations of the Electricity Act.

Tags: