The Electricity Ministry is seeking cabinet approval to install prepaid meters for illegal buildings, Egyptian Electricity Holding Company (EEHC) Chairman Gaber El Desouki said, according to Al Mal. The ministry stopped installing prepaid meters in June 2018 but is now revising that decision in a bid to reduce the illegal consumption of electricity. Buildings lacking construction permits are legally unable to be connected to the electricity grid, forcing the owners either to live without power or steal electricity.
More from Enterprise
Israel’s Arkia Airlines moves flights to Egypt’s Taba to bypass wartime airspace restrictions
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Private capital hasn’t frozen in MENA — but the exit playbook could change if the war drags on
PE and VC-backed companies were already pivoting to local exchanges…
Telda moves into investing with zero-fee stock trading
Telda claims users can sell a position and immediately spend…