Spokesman: Egypt achieves progress in energy sector
Wednesday، 13 March 2019 - 03:33 PM
Spokesman for the Ministry of Electricity Ayman Hamza said that support by President Abdel Fattah El Sisi contributed to achieving progress in the power and energy sector.
In press statements, he added that the electricity sector has been an issue of national security since president Sisi came to power.
All efforts have been exerted since then to turn from a power deficit into a power reserve, he added.
Egypt has advanced 56 ranks in international rating of business activities, he noted.
Investments into the power sector since 2004 until 2017 reached 11 billion pounds whereas investments in this sector in the past two years only hit 22 billion pounds, he added.