Electricity Minister Mohamed Shaker discussed cooperating on developing our western neighbor’s electricity infrastructure with the head of Libya’s General Electric Company Ali Sayes, Al Mal reports. Shaker reportedly stressed the need to have a grid interconnectivity project with Libya up and running. Any such project would undoubtedly be part of a wider strategy announced by Shaker earlier this month for Egypt to begin exporting electricity by 2018. The Libya Herald also has the story.
More from Enterprise
Four foreign funds line up USD 256 mn for Banque du Caire
London’s Redwheel is among the backers, nearly two weeks after…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
FRA and EGX eye law change to let LLCs and partnerships set up investment funds
Regulators want to keep Egyptian money from setting up funds…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…