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FINANCIAL NEWS
Alstom Grid wins $17m contract in Egypt
15 Oct 2010
(MENAFN) Alstom Grid said that it has won a $16.9 million contract from Egyptian Electricity Transmission Company (EETC) for the supply and delivery of an Energy Management System (EMS), Reuters reported.
The project, for replacing the existing National Control Centre in Giza and its back up in Abassia, also aims to replace and expand EETC�s telecommunications network, connecting to existing systems throughout the country with full digital technologies.
EETC will benefit from Alstom Grid�s world-leading e-terra suite of EMS software applications to secure greater and efficient grid reliability, stability, security and management of interconnections with neighbouring countries, Libya and Syria through Jordan at optimised cost.
The solution also includes a market management system (MMS) that can provide EETC with real time information on tariffs to both producers and consumers. This will allow the opening of the Egyptian Electricity Market, a regional first, when EETC decides to launch the application.
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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