Electricity Holding targets investments of LE32.4B in 20/21

The Egyptian Electricity Holding Company targets investments of LE 32.4 billion during next fiscal year 2020/2021, according Company’s Chairman Gaber Desouky.

Desouky clarified that the company aims to add capabilities to the national grid by about 145 megawatts, bringing the nominal capacity to 59,824 megawatts, with a growth rate of 0.24 percent over the current fiscal year.

He added that it also aims to increase the energy generated to 198.147 billion kWh, rising by 2.03 percent compared to the expected during fiscal year 2019/2020.

According to Desouky, his company aspires to decrease the fuel consumption rate to 185 grams/(kWh), with an improvement rate of 0.8 percent from the expected rate for the current fiscal year.