International Cooperation Minister Reviews Energy Reform Measures with WB ExpertsSource: www.export-egypt.com 4/18/2015, Location: Africa |
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Egyptian International Cooperation Minister Naglaa el Ahwany reviewed Egypt's measures to reform the energy sector and cut down subsidy on fuel taken in July 2014.
The government has reduced wasted energy subsidy by 30%, equivalent to 2% of the gross domestic product at the time, Ahwany told a seminar held by the World Bank on the sidelines of the WB/International Monetary Fund Spring Meetings held in Washington. Egypt has great investment opportunities in the renewable energy field, especially in solar energy, Minister Ahwany noted. |
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