2014/07/30

250 million pounds increase the cost of energy on mineral companies

Eng Zaki Bassiouni, chairman of the Holding Company for Metallurgical Industries said the company does not have any problems with the Egyptian Electricity Transmission Company, which holds provide affiliates with electric power and Aosah in comments for "money" that the feet of some of the subsidiaries to request financial compensation from the electricity company is individual decisions taken by each company according to their losses from behind power outages occur all over the world




The President of the Board of Directors of the Holding Company for Metallurgical Industries said the main problem for the company with the power is in the prices that the sadness you get affiliates to electricity, said the study initiated by the Holding metal since last July after the feet of the Government to conduct a gradual energy prices directed to factories non-intensive have concluded that the subsidiaries will bear the additional financial costs estimated at a combined 250 million pounds, Bassiouni said, "there are at least a quarter of a billion pounds extra will be borne by the companies due to increased energy prices," as he put it.

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