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Turning Egyptian electricity organization to a joint - stock company
Egypt, Economics, 5/29/2000
After hot discussions, the industry and energy committee in the Egyptian parliament agreed on a draft resolution of turn Egypt' electricity organization into an Egyptian joint - stock company.
Some deputies in the parliament showed reservation about the draft fearing of its effect on the electricity prices on citizens.
Egyptian electricity minister Ali El-Seedi said that "the new draft clearly states the general ownership of the country to this company and that the government wants to run its assets in a better way through turning the organization to a company," clarifying that the cabinet is one that decides electricity prices, and that the government always pays attention to the social dimension in pricing electricity.
Previous Stories:
Regional electric network countries meet to expand grid
(5/16/2000)
Lebanese- Egyptian electricity cooperation
(5/8/2000)
2.6 billion LE in Egyptian investments in Sinai
(5/3/2000)
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