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M. Elshazly
decrees were issued regulating the Egyptian electricity sector and illustrates the objectives thereof. The Egyptian Ministry of Electricity and
Renewable Energy is entrusted with the overall management of the
Egyptian electricity sector through its state-owned company the Egyptian Electricity Holding Company (EEHC)—in coordination with the
Egyptian Electric Utility and Consumer Protection Regulatory Agency
(EgyptEra), New and Renewable energy Authority (NREA), Hydro
Power Plants Executive Authority, Nuclear Power Plant Authority and
Atomic Power Plants Authority. The Ministry of Electricity and Renewable Energy also regulates renewable energy activities in the country.
It is worth mentioning that electricity generation, transmission and
distribution assets are wholly state-owned and operated under the supervision of the Egyptian Electricity Authority, now known as the EEHC.
8
Moreover, the Egyptian Electricity Transmission Company (EETC) is an
independent—state-owned—Joint Stock Company exclusively in charge
of the electricity transmission activities.
EETC is committed by the Electricity law to allow the third party
to access its infrastructure to supply electricity distributors and end
consumers with their needs from electricity.
NREA on the other hand, is the state agency in charge of the development of renewable energy. It was incorporated in 1986 by virtue of a
private law which was amended in 2014 to cope with the Government’s
policy to deregulate the energy sector.
The new electricity law no. 87 of 2015, reflects Egypt’s approach to
the deregulation of the electricity sectors related activities and put an end
to the country’s monopoly over such activities. Thus, as can be discerned
from the foregoing and the string of legislations issued in the last few
years in Egypt, the whole approach in the Egyptian Energy sector reflects
the country’s desire to deregulate the Egyptian energy market and its
related activities, putting an end to the country’s monopoly over the
energy market and adopting several measures to encourage investment
in such field.
8 EEHC currently exists under law no. 164 of 2000 as an Egyptian Joint Stock Company and
subject to Commercial Companies law no. 159 of 1981, capital market law no. 95 of 1992
among other correlated laws in force.
M. Elshazly
decrees were issued regulating the Egyptian electricity sector and illustrates the objectives thereof. The Egyptian Ministry of Electricity and
Renewable Energy is entrusted with the overall management of the
Egyptian electricity sector through its state-owned company the Egyptian Electricity Holding Company (EEHC)—in coordination with the
Egyptian Electric Utility and Consumer Protection Regulatory Agency
(EgyptEra), New and Renewable energy Authority (NREA), Hydro
Power Plants Executive Authority, Nuclear Power Plant Authority and
Atomic Power Plants Authority. The Ministry of Electricity and Renewable Energy also regulates renewable energy activities in the country.
It is worth mentioning that electricity generation, transmission and
distribution assets are wholly state-owned and operated under the supervision of the Egyptian Electricity Authority, now known as the EEHC.
8
Moreover, the Egyptian Electricity Transmission Company (EETC) is an
independent—state-owned—Joint Stock Company exclusively in charge
of the electricity transmission activities.
EETC is committed by the Electricity law to allow the third party
to access its infrastructure to supply electricity distributors and end
consumers with their needs from electricity.
NREA on the other hand, is the state agency in charge of the development of renewable energy. It was incorporated in 1986 by virtue of a
private law which was amended in 2014 to cope with the Government’s
policy to deregulate the energy sector.
The new electricity law no. 87 of 2015, reflects Egypt’s approach to
the deregulation of the electricity sectors related activities and put an end
to the country’s monopoly over such activities. Thus, as can be discerned
from the foregoing and the string of legislations issued in the last few
years in Egypt, the whole approach in the Egyptian Energy sector reflects
the country’s desire to deregulate the Egyptian energy market and its
related activities, putting an end to the country’s monopoly over the
energy market and adopting several measures to encourage investment
in such field.
8 EEHC currently exists under law no. 164 of 2000 as an Egyptian Joint Stock Company and
subject to Commercial Companies law no. 159 of 1981, capital market law no. 95 of 1992
among other correlated laws in force.