Misr Beni Suef line 2 power connected

Misr Beni Suef line 2 power connected
Published: 02 May 2011

Misr Beni Suef Cement Company announced that it has obtained the full electricity power needed for the operation of its second production line in mid April 2011. In addition, the Company announced that it will not continue paying the fees of its second production line license that amounts to EGP91.0m, out of total cost of EGP134.0m, and it will sue the Industrial Development Authority to get back the fees paid till December 2010, which amounted to EGP55mn, including interest, according to a report in Al Mal Newspaper.