The Ministry of Electricity has allocated EGP 22.5bn for the maintenance of cables and developing electricity across the country within the next three years. El Husseiny El Far, member of the affairs of electricity distribution companies department in the Egyptian Electricity Holding Company (EEHC), said that the strategy of the ministry in 2017 is focused on developing the electricity grid and establishing automated control centres, as well as installing smart metres. He explained that electricity distribution companies will obtain a loan from local banks worth EGP 19.4bn. About EGP 3.1bn will be collected from electricity distribution companies across the country. The compensations will be provided at different times based on the decision of the boards of directors of electricity distribution companies.

Source: Daily News Egypt July 09, 2017 16:07 UTC