/ 21 March 2001

EGYPT TO PRIVATISE POWER FIRMS

EGYPTS minister of electricity Ali al-Saidi announced on Sunday that one or two electrical power distribution companies will be privatised later this year. The assets of the Egypt-Electricity are estimated at 60bn pounds ($15.6bn), the minister said. The private sector is already allowed to invest in building new electrical power plants. – AFP

CUSTOM SHARE SERVICE

CUSTOMISE your share portfolio and have live prices delivered by e-mail or cellphone. Various options available.

More details