{"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":574445,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/09\/your-top-infrastructure-stories-2\/","url_meta":{"origin":574305,"position":2},"title":"Your top infrastructure stories","author":"enterpriseam admin","date":"9 September 2020","format":false,"excerpt":"Your top infrastructure stories for the week include: Electricity privatization deadline pushed until 2025: The government has extended the timeline to privatize the electricity sector by two years, giving the state\u2019s electricity companies until 2025 to complete the transition.Tender awarded for Sokna-New Alamein high-speed rail: An Egyptian-Chinese consortium was awarded\u2026","rel":"","context":"In \"electricity\"","block_context":{"text":"electricity","link":"https:\/\/enterpriseam.com\/egypt\/tag\/electricity\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":664729,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/06\/five-renewable-players-inch-closer-to-selling-electricity-to-consumers\/","url_meta":{"origin":574305,"position":3},"title":"Five renewable players inch closer to selling electricity to consumers","author":"enterpriseam admin","date":"6 May 2025","format":false,"excerpt":"The companies approved to obtain the license produce a combined 500 MW from five solar and wind plants","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\/1\/1525.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":671513,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/09\/electricity-price-hike-delayed-in-bid-to-keep-inflation-low\/","url_meta":{"origin":574305,"position":4},"title":"Electricity price hike delayed in bid to keep inflation low","author":"enterpriseam admin","date":"9 September 2025","format":false,"excerpt":"Electricity price hikes could be pushed until the end of the year","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\/346.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":646263,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/11\/govt-mulls-maintaining-electricity-subsidies-for-an-extra-three-years\/","url_meta":{"origin":574305,"position":5},"title":"Gov\u2019t mulls maintaining electricity subsidies for an extra three years","author":"enterpriseam admin","date":"11 June 2017","format":false,"excerpt":"Electricity subsidies might still be with us beyond 2019: The government is considering extending its timeline for the phase-out of electricity subsidies by another two or three years instead of having them removed entirely by 2019, Electricity Minister Mohamed Shaker said, according to Reuters. 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