RAE completes Egyptian twinning project, more contracts likely

RAE, the Regulatory Authority for Energy, has succesfully completed a twinning project in Egypt, carried out with the intention to help reshape the country’s electricity market.

An official ceremony was staged in Cairo just days ago to mark the project’s successful completion. Egyptian officials expressed their full satisfaction of RAE’s work and noted that it could represent the beginning of an ongoing association, according to diplomatic sources at the Greek Embassy in Egypt.

Future projects could include the implementation of a Technical Assistance and Information Exchange (TAIEX) plan, whose aim would be to steer Egypt’s electricity market towards liberalization, as well as development of interconnection projects with neighboring energy networks, especially those of EU member states.

The European Commission developed the TAIEX plan as a funding tool to promote  European practices and help neigboring countries implement European institutional frameworks in various domains. Egypt is one of the countries targeted through the TAIEX system.