Egypt to contract Schneider, GE for EGP 8 bn-worth of electricity control centers

The Electricity Ministry is planning to sign in August some 15 contracts worth over EGP 8 bn on a turnkey basis to set up localized and regional energy control centers, Al Mal reports, quoting ministry officials. France-based Schneider Electric will reportedly be awarded 14 of the 15 contracts to build centers in Greater Cairo, Minya, Sharm El Sheikh, Hurghada Ismailia, Gharbia, Menoufia, and several of the El Sisi administration’s new urban developments. General Electric, meanwhile, will be building a single center in Alexandria.