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Invest in the MEDA region, why how ?<br />

electricity. Installed capacity was 18.1 GW in 2004. About 86<br />

percent of Egyptʹs generating capacity is thermal, the remainder<br />

hydroelectric. To keep up with growing demand, installation of an<br />

additional 13.4 GW by 2012 is planned, mainly through additional<br />

thermal power plants. The contribution of the electricity sector to<br />

GDP was 1.5 percent in 2003/04.<br />

The electricity grid is connected to Jordan, Libya, and Syria (via<br />

Jordan). There are plans for a transmission line between Egypt and<br />

the Congo, through which Egypt would have access to the excess<br />

capacity generated by Congoʹs Inga Dam. Electricity supply enters<br />

Egypt duty free. Egypt is a net exporter of electricity, with 2002/03<br />

net exports amounting to 780 GWh.<br />

Power policy is formulated by the Ministry of Electricity and<br />

Energy. The State‐owned Egyptian Electrical Holding Company<br />

(EEHC) is responsible for the generation, transmission, and<br />

distribution of electrical energy. It also owns and operates Egyptʹs<br />

electricity grid. The transport, distribution, and management of the<br />

grid remain a monopoly controlled by the EEHC, while electricity<br />

generation has been liberalised.<br />

Law 100/1996 authorises the private sector to build, own, operate,<br />

and transfer (BOOT) electrical power generation plants. Thus,<br />

private companies will be selling electricity to EEHC for twenty<br />

years and at the end of the operating period, they will transfer<br />

assets to EEHC. Since adoption of this law, private investment in<br />

the electricity sector has increased considerably, from EGP 120<br />

million to EGP 5,030 million. The share of private generating<br />

companies in total installed capacity was just under 8 percent in<br />

2003.<br />

Health and pharmaceutical products<br />

The Egyptian medical sector is very complex, with multiple public<br />

and private actors. The State budget devoted to health remains<br />

92

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