PM heads board of governors meeting

  • Date: 10-Aug-2022
  • Source: Egypt Independent
  • Sector:Oil & Gas
  • Country:Egypt
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PM heads board of governors meeting

Prime Minister Mostafa Madbouly, on Wednesday, chaired the Board of Governors meeting where he discussed with governors measures to reduce the effects of the global crisis on Egyptians.

He announced a number of measures to rationalize electricity consumption at the level of the all governorates; to rationalize in turn natural gas and save it for export thus providing foreign exchange.

The government aims to achieve an additional surplus, with an average of about 15 percent of the volume of natural gas pumped to power stations , throughout the year, so that it can increase the volume of exports of natural gas, and thus provide foreign exchange, which can relieve pressure resulting from the rise in the prices of petroleum products and basic commodities.

More than one meeting was held with officials of the Ministries of Electricity and Petroleum to discuss the measures that can be taken in this regard, as the government decided to start rationalizing electricity consumption in government buildings and public facilities, as well as in major malls that use the central air conditioning system and clubs and sports facilities.

Madbouly said summer timings will be applied on malls and shops, to close at 11 pm.

Madbouly instructed the development of an executive