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FINANCIAL NEWS
Egypt’s Central Elect Co. collects EGP600mn for FY2017/18 budget
07 Jun 2017
(MENAFN) The Ministry of Elect collected EGP600mn to the Central Elect Distribution Co. in the budget of this year and 2018, which includes the replacement of distribution panels.
Additionally, the plan also includes improvement of the main and secondary lines, the establishment of new medium voltage distributors and feeders.
Furthermore, the project contract will be concluded after the fulfillment of whole conditions and important measures for the establishment of the plant.
The Central Egypt Elect has applied pre-paid elect meters in government agencies, involving the ministries of supply and agriculture to stop the accumulation of debts.
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MENAFN0706201700450000ID1095541082
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