Egypt’s ministry of power has earmarked $386 million toward the upgrading of the north African country’s electricity grid come the next fiscal year (2017/2018).
Daily News Egypt reported that the funds have been allocated for the maintenance of cables and equipment, and upgrades of the electricity transmission and distribution companies across the country.
Egypt: ministry of power
According to El-Husseiny El-Far, a member of the electricity companies’ distribution affairs department at the Ministry of Electricity, the strategy will not only include network upgrades but also establish automatic control centres, and implement the smart meter system. Read more…
Media added that the strategy will also include the replacement of distribution panels, improvement of mainline performance, replacement of substations, creation of new dispensers and new medium-voltage feeders, strengthening city and village networks, maintenance of stalls, and replacement and renovation of cables and wires.
Electricity distribution companies
Daily News Egypt explained that the allocation of all electricity distribution companies in the republic rose in the current FY 2016/2017 by about $27 million, as $55 million were allocated; however, the flotation of the pound resulted in raising the allocations to $110 million.
Further adding that the coming fiscal year will see allocations increase by 311%, equivalent to $276 million.
Daily News Egypt said: “The functions of the automated control centres include the continuous monitoring of the MV network, the addition and modification of any network-related data, the monitoring and storage of the operating data, the sequential recording of the events and the giving of warnings when an increase in current or decrease in voltage is detected, next to analysing errors.”
According to El-Far, the Egyptian Electricity Holding Company (EEHC) has approved compensating the companies supplying electric equipments after they submitted official requests to obtain partial compensation for the losses they suffered following the flotation.
The companies include, Elsewedy Electric, ABB, El Alamia Cables, Egemac, Egypt Cables, and Giza Cables Industries.
El-Far said the firms will be compensated with 10-30% of the contract value signed before the decision to float the pound and extended through post flotation.
According to media, El-Far highlighted that the rate was set after calculating the proportion of foreign and local components in each of the contracts, adding that compensations will be disbursed soon. Read more…
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