{"id":574305,"date":"2020-09-06T03:51:30","date_gmt":"2020-09-06T03:51:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/govt-extends-timeline-to-privatize-electricity-sector-by-two-years\/"},"modified":"2020-09-06T03:51:30","modified_gmt":"2020-09-06T03:51:30","slug":"govt-extends-timeline-to-privatize-electricity-sector-by-two-years","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/govt-extends-timeline-to-privatize-electricity-sector-by-two-years\/","title":{"rendered":"Gov\u2019t extends timeline to privatize electricity sector by two years"},"content":{"rendered":"

<\/a> CABINET WATCH- Gov\u2019t extends timeline to privatize electricity sector by two <\/strong>years: <\/strong>The Madbouly Cabinet has extended by two years the timeline of the state\u2019s transition from sole player in the electricity market to a regulator, while separating power generation from transmission and distribution, according to a cabinet statement<\/a> on Thursday. The original 2015 bill<\/a> had given the state\u2019s electricity companies eight years to complete the transition to market regulator by 2023. This will now be extended to 2025.<\/p>\n

Step #1: Lots of work for consultants and lawyers. <\/strong>The only specific changes named in the statements are instructions for the Egypitan Electricity Holding Company (EEHC) and the Egyptian Electricity Transmission Company (EETC) to untangle joint assets and subsidiaries among themselves, so that the EETC can be restructured as the market regulator, Electricity Ministry spokesman Ayman Hamza told Enterprise. For example, EEHC had obtained loans in the past before the EETC became an independent company, so these loans will have to be restructured to be paid by the EETC instead of EEHC. Both companies would then have to prepare studies on the sector\u2019s project pipeline in generation and transmission, including the timeline for implementing the grid interconnection projects with our neighbors. The EETC had been made an independent authority ahead of its designation as the market regulator.<\/p>\n

A host of changes are coming to the electricity sector as part of the long-term vision of privatizing it,<\/strong> as we noted in the most recent Hardhat<\/a>. This involves getting the ball rolling on our export of electricity and reworking the pipeline of electricity projects to relieve the electricity capacity glut that is hindering private sector expansion. New contracting frameworks will be implemented and tenders will be offered to the private sector across the entire value chain of electricity.<\/p>\n

In other cabinet news: <\/strong>Ministers approved draft legislation to establish a new agency for administering repatriated funds that would be chaired by the finance minister. The new agency would be the sole administrator of all funds repatriated to the state, including funds seized per court rulings.<\/p>\n","protected":false},"excerpt":{"rendered":"

CABINET WATCH- Gov\u2019t extends timeline to privatize electricity sector by two years: The Madbouly Cabinet has extended by two years the timeline of the state\u2019s transition from sole player in the electricity market to a regulator, while separating power generation from transmission and distribution, according to a cabinet statement on Thursday. The original 2015 bill […]<\/p>\n","protected":false},"author":1,"featured_media":574306,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[244,72,5825,963,4350,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-574305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-electricity","tag-enterpriseam","tag-free-market","tag-law","tag-seizures","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"b19fffd3-7afb-4562-abb0-6c744b84d3eb","is_powered_by":true,"section_story_id":"5db5c208-73ce-4d80-b9f5-815d37efef76","story_type":"1","photo_url":"https:\/\/ent.news\/2020\/9\/69.jpg","photo_position":"above","related_issue":[574288],"teaser":"","voice_url":""},"yoast_head":"\nGov\u2019t extends timeline to privatize electricity sector by two years - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/govt-extends-timeline-to-privatize-electricity-sector-by-two-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t extends timeline to privatize electricity sector by two years\" \/>\n<meta property=\"og:description\" content=\"CABINET WATCH- Gov\u2019t extends timeline to privatize electricity sector by two years: The Madbouly Cabinet has extended by two years the timeline of the state\u2019s transition from sole player in the electricity market to a regulator, while separating power generation from transmission and distribution, according to a cabinet statement on Thursday. 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The Electricity Ministry has decided to reduce the number of new companies it plans to list as part of the state\u2019s program to three from four, sources from the Electricity Holding Company tell Al Borsa. The ministry was initially planning\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":664468,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/30\/eetc-finally-splits-from-eehc-in-move-to-liberalize-the-electricity-market\/","url_meta":{"origin":574305,"position":2},"title":"EETC finally splits from EEHC in move to liberalize the electricity market","author":"enterpriseam admin","date":"30 April 2025","format":false,"excerpt":"Following the split, the EETC will exclusively manage electricity transmission and grid operations","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1525.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598171,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/16\/cabinet-denies-reports-suggesting-egypts-home-electricity-prices-will-rise-30-60\/","url_meta":{"origin":574305,"position":3},"title":"Cabinet denies reports suggesting Egypt\u2019s home electricity prices will rise 30-60%","author":"enterpriseam admin","date":"16 May 2019","format":false,"excerpt":"Gov\u2019t (sort of) denies reports suggesting home electricity prices will rise 30-60%: The Madbouly Cabinet denied yesterday domestic press reports that emerged earlier this week quoting Electricity Ministry officials as suggesting that residential electricity prices could increase by 30-60% after the next round of subsidy cuts. The government will enforce\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559170,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/12\/electricity-company-demerger-pushed-to-2025\/","url_meta":{"origin":574305,"position":4},"title":"Electricity company demerger pushed to 2025","author":"enterpriseam admin","date":"12 January 2021","format":false,"excerpt":"The Egyptian Electricity Transmission Company\u2019s (EETC) planned split from the Egyptian Electricity Holding Company (EEHC) has been pushed until 2025, Al Mal reports, citing Electricity Ministry sources. The delay comes as a result of the government extending its timeline to withdraw electricity subsidies from 2022 until 2025, leaving electricity prices\u2026","rel":"","context":"In "PUBLIC SECTOR"","block_context":{"text":"PUBLIC SECTOR","link":"https:\/\/enterpriseam.com\/egypt\/category\/public-sector\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/129.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598291,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/21\/egypts-industry-could-catch-a-break-from-high-electricity-prices-govt-to-announce-new-rates-in-days\/","url_meta":{"origin":574305,"position":5},"title":"Egypt\u2019s industry could catch a break from high electricity prices, gov\u2019t to announce new rates \u201cin days\u201d","author":"enterpriseam admin","date":"21 May 2019","format":false,"excerpt":"Manufacturers could catch a break as gov\u2019t looks set to announce new electricity prices for industry today: Industrial producers could see their electricity bills fall in the state\u2019s new fiscal year, which starts in July, government sources told the domestic press. Businesses in the medium, high, and ultra-high consumption tiers\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/204.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/574305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=574305"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/574305\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/574288"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/574306"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=574305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=574305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=574305"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=574305"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=574305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}