Sources at the Ministry of Electricity said that the ministry is studying the requests of the companies that supplied distribution panels, electric kiosks, transformer stations, cables, and electrical wires for electricity production and distribution companies. The sources told Daily News Egypt that the Egyptian Electricity Holding Company (EEHC) is considering compensating the companies by up to 30% of the contracts’ value for long-term contracts that were concluded through tenders posed by the EEHC prior to the flotation. In January, the companies contacted the EEHC to obtain compensation for the losses they suffered. Among the companies seeking compensation for the losses they suffered are ABB, El Alamia Cables, Egemac, Egypt Cables, and Giza Cables Industries. He noted that the Ministry of Electricity was supposed to bear half the losses, but no decision has been made until now.

Source: Daily News Egypt May 23, 2017 15:11 UTC