The Egyptian Electricity Holding Company (EEHC) is planning to invest EGP22.5bn ($1.3bn) on upgrading the electricity gird and distribution infrastructure over the next three years.

The majority of the investment, about EGP19.4bn, will come from loans from local banks, with the remaining EGP3.1bn to come from collections from distribution companies across the country, according to a senior source at the member of affairs of electricity distribution companies at EEHC.

The development programme will include improving the performance of main transmission lines, replacing sub-lines, installing new distributors and medium-voltage feeders and changing cables.

In its 2022 Energy Strategy, launched in 2015, Egypt has set a target to reduce losses in the transmission and distribution networks from 12 per cent to 8 per cent by 2022.