Egyptian government to stop electricity cuts in summer 2024 by importing $1.18B worth of fuels - News Summed Up

Egyptian government to stop electricity cuts in summer 2024 by importing $1.18B worth of fuels


The prime minister stated that the electricity crisis worsened on Monday because a gas field in one of the neighboring states got out of service for 24 hours. Further, to stop electricity cuts in summer from the third week of July until September, the government will import other fuels worth $1 billion in addition to the $180 million worth of mazut. Madbouli equally pledged commitment to set a plan for avoiding the resumption of power cuts in September until the end of the year. As for the meantime, due to the gas field crisis in the neighboring state, the electricity will be cut daily for three hours instead of two until the end of this week. In a related context, to save power generally, the government issued a decision for commercial shops to close at 10:00 p.m. instead of 11:00 p.m.


Source: Egypt Today June 25, 2024 19:01 UTC



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