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Egypt to ration electricity to boost gas exports - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Egypt’s cabinet has approved a plan to ration electricity to save natural gas that it will instead divert to the export market to generate foreign currency, it said on Thursday.

Under the draft plan, shops and malls will have to limit their use of strong lights

Under the draft plan, shops and malls will have to limit their use of strong lights and keep their air conditioning at no cooler than 25 degrees Celsius. The government last month postponed a planned increase in electricity prices by six months. The higher prices would have been intensely unpopular among a population that over the last few years has endured a series of harsh austerity measures.

Europe has been seeking alternative sources of gas to cut its reliance on Russian gas as the war in Ukraine escalates.

 

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That's state capitalism to the highest degree at the expense of own citizens.

No mention of Japan’s Parliament being dissolved? 🤔

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Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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