Giza Systems awarded USD 25 mn EEHC contract to develop infrastructure for smart meters

The Egyptian Electricity Holding Company (EEHC) awarded IT solutions provider Giza Systems a USD 25 mn contract to develop infrastructure and network systems for the new smart electricity meters, sources from the EEHC tell Al Borsa. The project will take 12 months to complete from the day contracts are signed, which should happen sometime this month, the sources add, explaining that the Electricity Ministry plans to install 20 mn smart electricity meters over the next five years as part of its plan to improve energy efficiency and reduce errors in bill collections. Ericsson, IBM, and Huawei were also in the race.