General Electric has been awarded the contract to establish a regional energy control center in Dakahlia by the Egyptian Electricity Transmission Company, Al Mal reports. The American conglomerate undercut a EGP 862 mn offer by ABB and ElSewedy Electric with a EGP 825 mn bid. The project will be financed through a EUR 50 mn loan provided by the French Development Agency. GE is also reportedly on board to construct a separate control center in Alexandria. This comes as part of government plans to establish 47 control centers nationwide to better control energy consumption.
More from Enterprise
The digital EGP won’t look different at checkout — but it will work nothing like InstaPay
Every instant payment today depends on your bank or telco.…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Egypt is fixing how deals get executed, but what pushes investors offshore runs deeper than the reforms on the table
Investment Ministry and a Senate committee are both moving to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…