The commodification of electricity in cash-strapped Egypt ...Kuwait

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The commodification of electricity in cash-strapped Egypt
In the period 2008 to 2014, Egyptians experienced an unprecedented number of power outages, with dire consequences that ranged from the suspension of hospital services to the disruption of various lines of industrial production, to the breakdown of ventilation systems during the country’s blisteringly hot summer months. These outages revealed the severe lack of funding made available to modernize and expand the network of electricity production in the country – with the state primarily relying on self-financing or borrowing from development partners during this period. At the same time, the state held a monopoly over the processes of electricity production and distribu

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