Middle East Economic Survey

VOL. LIV

No 16

18-Apr-2011

EGYPT

Egypt Allocates $3.36Bn For Electricity Sector In 2011-12

Egypt has allocated E20bn ($3.36bn) for the electricity sector in fiscal year 2011-12 which starts on 1 July, Egyptian Minister of Electricity and Energy Hasan Yunis has said in a press conference earlier this month. Mr Yunis added that his ministry is currently reviewing the specifications of the planned nuclear plant that will be set up in the north of the country in the...