ArabFinance: The Ministry of Electricity and Renewable Energy and China’s Huawei discussed on September 3rd the gradual transformation of the Egyptian electricity network to a smart grid, according to an official statement.

The statement came during a meeting between electricity minister Mohamed Shaker and Huawei Regional Corporate Head Michael Li, as part of the energy sector’s efforts to develop its projects with the latest technologies.

Shaker referred to the various projects and programs the sector implemented in cooperation with China to benefit from its expertise and technology.

Huawei is engaged in various local projects, including establishing the under-construction New Administrative Capital as an advanced model of digital cities.

The company offers various forms of assistance to the local market to optimize the use of information technology and communications to serve the North African country’s economic and development goals.

Shaker also highlighted during the meeting the sector's efforts to improve its services, including production, transportation, and distribution.

Li explained that despite the challenges the company faces, it managed to achieve revenue growth.

Earlier this year, the ministry announced the full execution of electricity projects amounting to EGP 230 million during the period from July 2019 to February 2020 in Egypt.

Copyright © 2020 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.