Egypt to Impose Energy Use Restrictions ...Egypt

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Egypt to Impose Energy Use Restrictions
Cairo at Night | Photo Credit: Wikimedia Commons Egypt’s Prime Minister Mostafa Madbouly announced on Tuesday 9 August the government’s plan to rationalise energy consumption nationwide as a means of redirecting natural gas towards exports to net foreign currency. The plan, which includes a basket of restrictive measures concerning energy and electricity consumption, is to be announced on Thursday 11 August, and is expected to be effective next week. As a result of the rise in dollar interest rates, the Egyptian government hopes to export around 15 percent of the gas that is currently allocated to the nation’s power stations to increase its hard currency. The country should expect a number

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