Egypt's current account gap narrows, but overall BoP records deficit    Egypt's PM reviews debt reduction strategy, eyes more private investment    Egypt hosts international neurosurgery conference to drive medical innovation    Egypt, India discuss expanding industrial, investment partnerships    World Bank proposes Egypt join new global health initiative    Egypt's EDA discusses Johnson & Johnson's plans to expand investment in local pharmaceutical sector    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Egypt welcomes 25-nation statement urging end to Gaza war    Egypt, Senegal sign pharma MoU to unify regulatory standards    Egyptian pound ticks down in early Tuesday trading    Famine kills more Gaza children as Israel tightens siege amid global outrage    Kuwait's Crown Prince, Egyptian minister discuss strengthening cooperation    Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia    Egypt's FM seeks deeper economic, security ties on five-nation West Africa tour    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt, Somalia discuss closer environmental cooperation    Egypt exports 175K tons of food in one week    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, Uruguay eager to expand trade across key sectors    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



JICA finances automatic control projects of EEHC with JPY 10.7bn
First portion of the loan to be paid next week, repayment will be on 30 years, interest will be 0.01%
Mohamed Farag Published in Daily News Egypt on 31 - 10 - 2017

The Egyptian Electricity Holding Company (EEHC) has signed a contract for a loan worth JPY 10.7bn, in order to fund the automatic control projects of the electricity distribution companies of Alexandria, north of Delta, and north of Cairo.
Sources in the EEHC told Daily News Egypt that the first portion of the loan will be paid next week, and according to the agreement, JICA will pay the specified amount to the EEHC on three portions, and the repayment period will be 30 years with a 10-year grace period and an interest of 0.01%.
The sources said that there is a contract signed with a Japanese consultant office (Tabasco) in alliance with the Modern Systems Engineering company affiliated to the Ministry of Electricity and Renewable Energy, in order to put forward the specifications and technical standards of the project.
The function of the automated control centres will be following up and monitoring the medium-voltage network, amending any network related data, as well as monitoring the operation data and storing them, in addition to giving warnings in case of any rise in the current or a fall in voltage and detecting damage.
Issuing the various technical reports of the network is also a part of the automated control centres' functions. The centres would also be training places for control engineers and the activation of the practical role of geographic information system.
El-Husseiny El-Far, the full-time member of electricity distribution companies in the Ministry of Electricity and Renewable Energy, said that one of the priorities of the sector at the present time is implementing of the development plan, updating distribution companies and the necessary control centres to accommodate the added capacities from new projects, and increasing the quality of services offered to consumers.
He pointed out that 10 companies have expressed their desire to implement and develop the control centres. Some of these companies include Siemens, General Electric (GE), and Huawei.
The Ministry of Electricity aims to qualify, develop, and expand electricity companies across the country within two weeks based on the directions of President Abdel Fattah Al-Sisi, in order to enable the electricity sector to continue providing electricity without problems.

Clic here to read the story from its source.