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FINANCIAL NEWS
Egypt to invest USD 0.48bn for electricity distribution network
07 Jan 2016
(MENAFN) The Egyptian Electricity Holding Company assigned USD 0.48bn to lay supply lines, transformers, and cables of medium and low power for this year.
Accordingly, electricity distribution firms need 79 medium-voltage machines that worth USD 3.15mn, medium voltage network line 1,375km long that cost of USD 29.9mn.
The holding Co. also plans to contract for 1,036 distribution transformers, 9,120 capability distribution transformers with a whole value of USD 0.20bn, and 6,347 low voltage transformers.
Additionally, the Ministry of Electricity plans to increase the competency of current stations in the coming period and to continue applying the strategy of changing simple cycle stations.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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