Schneider Electric Egypt is in negotiations with the Electricity Ministry to amend contracts to account for the EGP float, Al Mal reported. The increase in production and import costs is threatening the feasibility of projects, said company VP Khaled Kamel. Schneider are looking to increase exports from 25% in 2016 to 40% this year by adding production lines to its existing facility in Badr City, and increase domestic component from 40% to 60% to meet growing demand and offset USD shortages, he said. The company is looking to expand into new markets in Africa, Lebanon, Iraq, Cyprus, Libya, Sudan, Zambia, and Kenya, as well as grow existing business in Qatar and the UAE.