How is it going to change the present picture of the energy sector in Egypt?
In every country the energy sector is controlled by the consumer side. You cannot put pressure on people to consume energy; you have to go with the demand, which is driven either by individuals or by companies’ consumers in small or large groups. So if we look at the consumption development we will see, for example, starting from the 1970s where it had almost stagnant industries with stagnant level of life, we experienced a sudden boom in 1973 which was primarily based on the consumption side of goods, followed by a boom in the development of new enterprises. Then a boost in the standard of living instigated another boom in consumer goods, but that was not coupled with programs of energy development to satisfy consumption’s needs. That is why in the late 1970s we had a lot of gray-outs sometimes even some black-outs. The government actually since the early 1980s started to take that on itself to overcome all the problems of energy supply and that came after president Hosny Moubarak, ca
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