The Electricity Ministry is reportedly pushing plans to halt the IPO of the three companies that will operate the Siemens-built power plants until the government fully eliminates subsidies for electricity, unnamed sources from the Ministry told Al Mal. The Egyptian Electricity Holding Company (EEHC) was set to establish three companies to manage the combined cycle plants in Burullus, Beni Suef and the New Administrative Capital, and had planned to list all three companies as part of the government’s IPO programme. The source attributed the delay in the timeline to the Ministry’s inability to conduct a fair valuation and assessment of its assets while still subsidising power.