The Ministry of Electricity expects proceeds from the increase of electricity tariff to amount to EGP 30bn. Sources in the Ministry of Electricity told Daily News Egypt that the subsidy for the electricity sector in the current fiscal year reached EGP 52.7bn, including EGP 47bn for household use and EGP5.7bn for other uses. In addition to that, the sources stated that the first tranche of consumers (zero to 50 kw/h) will receive subsidy worth EGP 1.8 bn. The fourth tranche from 201 to 350 kw will received electricity subsidies by the state by EGP 18bn. The sources also clarified that the fifth tranche consuming electricity of 351 to 650 kw/h is subsidized with EGP 10.1bn.

Source: Daily News Egypt July 05, 2017 17:03 UTC