French EDF prepares to run Cairo electricity company

The manager of Middle East and Arab Maghreb at the EDF (Electricite de France) company, Bernarad Ansimin, told ArabicNews.com that his company is preparing feasibility study on linking the electricity networks between Egypt and Libya, in addition to preparing a feasibility study on linking electricity between European and Mediterranean countries, in cooperation with Eni, the Italian oil and natural gas company.

He said his company is ready to run a company for electricity in Cairo, within the framework of the Egyptian government's program to privatize the electricity sector according to a preliminary agreement to offer 20% of electricity shares in Cairo to a major investor, on the basis that the Egyptian government will keep the rest of shares, and that EDF will manage the facility under the total supervision of the Egyptian Ministry of Electricity.