10 percent of Egypt's electricity Production Goes to Malaysia
France's EDF said on Friday it had finalised the sale of two power stations in Egypt to Malaysia's Tanjong Energy for $307 million as the French power giant narrows its focus on Europe.
EDF said in a statement that it was selling the fully owned electricity stations to Tanjong Energy after entering into exclusive negotiations in July, and signing an agreement to sell in November.
The gaz-powered stations, with a capacity of 1,366 megawatts, account for about 10 percent of Egypt's total electricity production.
Though it is Egypt's electricity, the story does not mention any Egyptian officials involved. It is a bit weird. My understanding that Egypt's government controls everything. Did they give up their role?