The Electricity Ministry will launch a tender for five power control centers in the Alexandria, Upper Egypt, Suez Canal and Greater Cairo areas 1Q2020, unnamed sources told Al Mal. Competing companies include General Electric, Siemens, ABB, Schneider Electric and China’s State Grid Corporation. The Egyptian Electricity Holding Company will finance the projects using a portion of a EGP 19 bn loan it acquired in 2017 from a banking consortium led by the National Bank of Egypt and Banque Misr. The winning company will implement the control system, develop communication networks, and improve electrical transmission.

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