Egypt rations electricity consumption to conserve its foreign currency reserves – The National

Egypt rations electricity consumption to conserve its foreign currency reserves – The National

Egypt will introduce a programme next week to reduce electricity consumption in an effort to increase natural gas exports and boost foreign currency reserves, Egyptian Prime Minister Mostafa Madbouly said.

“The more we reduce electricity consumption, the more hard currency we save,” Mr Madbouly said on Tuesday.

The new measures will include cutting off electricity in government buildings at the end of official working hours, stopping outdoor illumination of public squares and limiting lighting at large sports complexes.