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Tuesday, 30 May 2017

JICA provides USD 243 mn loan for electricity automated control centers

The Japanese International Cooperation Agency (JICA) is extending a USD 243 mn funding facility to the Electricity Holding Company to fund automated control centers in Alexandria at a at a 0.01% interest rate, Northern Delta, and Northern Cairo, Al Borsa reports. A tender will be launched next month to choose the implementing companies. Siemens, General Electric, ABB, Schneider, Dongfang, DFE, PSI, and Huawei, are interested in bidding, Electricity Minister Mohamed Shaker said. Technical and financial offers are due within six weeks.

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