EBRD provides advisory services to EgyptERA for electric energy market development
Updated 8/20/2023 10:23:00 AM
Arab Finance: The European Bank for Reconstruction and Development (EBRD) has offered advisory services as a grant to the Egyptian Electric Utility and Consumer Protection Regulatory Agency (EgyptERA) to start building an electric energy market, according to a statement on August 18th.
The market is set to be established through enhancing the independent regulations and setting the regulatory frameworks supporting the provisions of the Electricity Law.
This will be achieved by opening an electricity competitive market and boosting the private sector’s participation in electricity production, distribution, and selling activities by involving international experts in setting the needed rules and legislations.
Thus, to achieve the above objectives, the country is focusing on activating private to private projects.
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