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In November 1998, NVGC set up a local unit called Gas Powered Vehicles Co.
In 1999, the national grid was extended by a 230-km pipeline from Cairo to Kuraimat and Beni Suef city, where NVGC targeted households and commercial customers including the Beni Suef power plant and cement plant.
NVGC's franchise agreement was signed in Cairo and the signing ceremony was attended by visiting British Prime Minister Tony Blair and Egypt's then PM Kamal Ganzuri.
In November 1998, NVGC established a local subsidiary called Gas Powered Vehicles Co.
(NVGC) signed its 25-year franchise on April 18, 1998 and was formed as a JV of British Gas (37.5%), its E&P partner Edison Int'l of Italy (37.5%), Orascom (20%), and the Middle East Gas Association (5%).
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