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United Arab Emirates Egypt: EU provides technical assistance to support the development of electricity sector
July 14, 2016
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As part of efforts to develop the Egyptian electricity sector and with the support of the EU-funded Association Agreement Programme (SAAP), the Egyptian Electric Utility and Consumer Protection Regulatory Agency (EgyptERA) will launch an EU-funded Twinning project in partnership with the Regulatory Authority for Energy of the Hellenic Republic (RAE), and the Italian Regulatory Authority for Electricity, Gas, and Water (AEEGSI).
The project, to be implemented over 23 months with a budget of EUR 1,225,000, aims to offer technical support for Egypt’s electricity and power sector, through contributing to the institutional reform and modernization of the Egyptian public administration. It will also improve the business climate for investment in the electricity and energy sector in Egypt, which helps to improve the service provided to consumers.
The project is an essential step for Egypt’s electricity sector to achieve its strategic objective of interconnecting the Egyptian power system with neighboring countries and ultimately with the European network. The Egyptian Electric Utility and Consumer Protection Regulatory Agency (EgyptERA) has received three previous stages of EU-funded technical support by the Ministry of International Cooperation’s SAAP to support government agencies. This support resulted in a number of achievements, including the restructuring of the electricity tariff program and the development of its five-year plan, which was put into effect by the cabinet in July 2014 and runs until July 2019.
The twinning project comes as a fourth stage to help EgyptERA’s efforts to create a competitive electricity market in accordance with the requirements of the Electricity Law.
Read more
EU Delegation to Egypt – website and Facebook page
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Egypt
