The Electricity Ministry is in talks with the State Grid Corporation of China (SGCC) to construct a power transmission control center in the new administrative capital, sources from the Egyptian Electricity Holding Company (EEHC) said, Al Mal reports. The control center is expected to cost some EGP 1 bn, which the EEHC plans to finance through several loans it has already received this year. Talks over the project are in “advanced stages,” according to the sources, which expect the final contracts to be signed in the near future. Construction on the center will likely begin before the year is out.
More from Enterprise
Inflation unexpectedly cools, putting rate-cut cycle back in play
The first fall in the headline rate in three months…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
New tax bill heads to House ahead of July rollout
The new package scraps the contentious capital gains tax, overhauls…
Apis Partners has continued appetite for Egypt after closing its third fund at more than double its predecessor
Apis partner Hossam Abou Moussa singles out MNT-Halan as a…