tiprankstipranks
Siemens announces order for grid control, smart metering infrastructure in Egypt
The Fly

Siemens announces order for grid control, smart metering infrastructure in Egypt

Siemens announced it has been awarded a new contract to establish a distribution management system and advanced metering infrastructure for North Delta Electricity Distribution Company. "As a subsidiary of the state-owned utility Egyptian Electricity Holding Company, NDEDC is responsible for the distribution network of the Daqahleya, Damietta and Kafr El-Sheikh governorates and serves about 4.5 million electrical subscribers. Siemens will be implementing an ADMS control center for the Damietta region. This project is funded by the Japanese International Cooperation Agency and has a value of about EUR 40 million and is known as Lot 3. Siemens already received an order with a similar scope for Egypt’s Alexandria region in September 2022," the company stated. Reference Link

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on SIEGY:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles