Reuters is reporting that Egypt is expecting to add 2500 - 3000 megawatts of electricity generation capacity in the next year, attempting to fight against power shortages that have hampered heavy industry in recent years. This move however will see rationing of gas in the cement industry.
Egypt has turned from an energy exporter into a net importer after falling oil and gas production coupled with rising consumption in the country.
To pacify the population, Egypt has prioritised gas for home consumers, but that has meant rationing gas for industry, particularly in the energy intensive cement sector during the peak summer months.
A court of appeals has overturned an earlier decision to cancel Cemex’s 1999 purchase of Assiut Cement Company. The case will now be referred to an administrative court.