The Egyptian Electricity Holding Company (EEHC) is intending to borrow EGP 10bn from the banking sector to finance its future expansions in the fields of transmission and distribution. The EEHC has been working on developing and supporting the networks of transmitting and distributing electricity with the aim of reducing the loss rates and applying the system of smart networks on all electricity transmission and distribution networks. The sources said that the first segment of the loan amounts to EGP 5bn and will be delivered in days. The Ministry of Electricity decided to stop negotiations on any electricity production projects and to begin discussions and negotiations on developing the national network through transmission and distribution projects. The sources added that electricity distribution companies need 79 medium-voltage distributors and 1,375 km network lines, in addition to 3,498 km cables.

Source: Daily News Egypt January 18, 2017 12:50 UTC