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Schneider Electric seals smart deal with Egypt
EGYPT
GLOBAL energy services company Schneider Electric has closed a deal with Egypt’s Ministry of Electricity to build a new generation of distri- bution control centres that will use smart tech- nology to integrate new generation projects.
Schneider aims to improve the quality of elec- tricity feeding in distribution networks and to optimise the use of information technology and smart systems to provide better energy services, said Egyptian Presidential Spokesman Bassam Rady.
The deal was reached on March 1 at a meeting between President Abdel Fattah El Sisi and Sch- neider Electric president Luc Remont.
Sisi welcomed intensifying co-operation with the company in light of special ties between Egypt and France.
Remont said the company was keen to double its investments in Egypt, praising unprecedented achievements made in the country in the fields of development and infrastructure.
In July 2019, Schneider won a tender held by Egyptian Electricity Holding Co. (EEHC) to build three control centres in Cairo.
The new control centres will save energy and reduce costs by allowing rapid response to emer- gencies, reducing untimely shutdowns and opti- mising energy efficiency.
The improvements will allow the grid to absorb the addition of new power plants.
In the longer term, Egypt wants to transform its network to a smart one that uses modern technology and information systems.
Schneider Electric’s Egypt operations reached EUR180mn ($200mn) in 2018, the last year fig- ures were available.
Recent projects include supplying equipment and electrical transformers for the Port Said and Ismailia tunnels.
At the West Nile Delta gas field, Schneider is designing and supplying 45 medium-volt- age panels, 250 low-voltage panels, and energy control systems, as well as the fourth phase of the Sukari mine with a value of EUR3.5mn ($3.9mn).
The company has built 40MW of solar power plants in the city of Sharm El-Sheikh through investments worth EUR50mn ($56mn).
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w w w . N E W S B A S E . c o m Week 09 05•March•2020
