LONG-RUNBuilding new power plants funded by international bodies.

ELECTRICITY CRISISIN EGYPT

An Infographic produced by the ALEXBANK Research Team

Egypt witnessed an unprecedented wave of power outagesacross the country, lasting up to six hours per day in Cairo & twice that in some parts of Upper Egypt.

The electricity crisis in Egypt is stemmed from the imbalance between the supply & demand

102014

1

Diversify the energy resources & revive El Dabaa nuclear project.2

By 2019 Increasing power prices to reach the cost price.3

SHORT-RUNFuel shipments from Arab gulf countries (aid & imports).1

Government removed subsidies over the petroleum products in July 2014.

2

Egypt started to pay part of its foreign companies dues.

3

GOVERNMENT MEASURES

Higher population growth rate againstsluggish growt in the generated power.In 2013, the subscribers number exceeded

29.7(Million Customer ) up by 10% from 2010

Power Shortfall

5000

$

As the temperature in summer goes up more pressure to be put on an already stretched power system.

of total consumption42%Th

e Ho

useh

old

secto

r con

stitu

tes

REASONS BEHIND THE OUTAGES

DEMANDSUPPLY

2015

O�cial Global Partner O�cial Global Intesa Sanpaolo Group

$25 Bil

lion Indebtedness

to financial institutions

27% of power plants are rickety

$6.3 Billi

on

Dues owed toforeign partners in the oil sector

Country's dwindlingforeign reserves by

over the last 3 years to reach 300 Attacks in the

last months &Cables robbery

Billi

on$1655%

of total inputs

Inability to bear the cost of importing or paying arrears and then gas shortage.

78.3%

Natu

ral g

as

repr

esen

ts

As the electricity ministry stopped maintainence & operated at

of its capacity86%

Production Vs. Consumption

14%are annual losses due to 11%losses in transmission between sources of distribution points and distribution to consumers & 3% are consumed by the power station to operate

Out of the total production

And then the available energy is just equivalent to the needed demand over the year. However, peak loads may exceed the country’s production capacity (22k MWH) daily, depending onseasonality.

KEY FACTS IN 2013

Consumption By Sector

Although the governmental entities constitute a small fraction of total consumption, they represent the least committed sector in paying the Electricity Ministry back.

Peak load by season

Mega Watt per HourPeak load

Mega Watt per Hour

Mega Watt per Hour

Commerical (10%)

Governmental Entities (5%)Public lighting (4%)

Utilities (4%)

Agriculture (4%)

Industries (28%)Residential (42%)

Production By Sources

91%of the power generated is provided by fossil fuel

9%of the power generated come from renewable resources

Thermal Hydro Wind Solar

Power Generated Energy Sold2010/11 2011/12 2012/13

140K

135K

126K

164K

157K

146K

22.7

K

23.6

K

27.1

K

24.2

K

Sept- Nov.Jun.- Aug.Mar. - MayDec. - Feb.

The summer months

loadswitness the highest

2009/10

2010/11

2011/12

2012/13

22.7K

23.4K

25.7K

27K

HEAVY DEBT

$

AlexBank is one of Egypt’s leading private sector banks. Established in 1957, the bank later sold 80% of its shares to the Italian group Intesa Sanpaolo. The IFC subsequently became a shareholder ,acquiring9.75% of the bank. AlexBank has since launched an ambitious development strategy to move in line with Intesa Sanpaolo’s innovative systems and platforms and has recently set the standardfor branch design,IT infrastructure, services and a portfolio of financial services. With a country wide network of 180 branches and over 1.5 million customers, AlexBank represents Egypt’s largest private sector bank in terms of branch network and one of the largest in terms of deposits with an 8% market share.

www.alexbank.com

October2014

Mega Watt per Hour