Ministries team up to boost Egypt’s power sector

The three government entities signed a cooperation protocol to pump investments to develop and operate the power projects through a sub-fund or joint-stock companies in collaboration with TSFE

  

Egypt’s Ministry of Electricity and Renewable Energy partnered with the Ministry of Planning and Economic Development as well as The Sovereign Fund of Egypt (TSFE) to achieve maximum use of projects and assets run by the electricity ministry, according to an August 13thstatement.

The three government entities signed a cooperation protocol to pump investments to develop and operate the power projects through a sub-fund or joint-stock companies in collaboration with TSFE.

All institutions, authorities, and companies affiliated to the electricity ministry are included in this protocol.

Earlier this year, TSFE signed an agreement with Hassan Allam Holding to jointly invest, directly or indirectly, in several developments on power, water, renewable energy, and infrastructure in Egypt.

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