INSEAD Day 4 - 728x90

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

DAE H1 profit $229m

Growth triggered by higher earnings, stron cash flow

Siemens bags Egypt project

Despite results, Siemens Energy CEO Christian Bruch expressed optimism about the future. (AFP)
  • Implementing advanced software solutions and automation devices will help Alexandria Electricity Distribution Company increase efficiency.
  • A total of 300,000 smart meters will be supplied, including the necessary hardware and software to establish an advanced metering infrastructure.

A Japanese International Cooperation Agency-funded, $50-million project will see Siemens upgrade the power distribution management system and establish an advanced metering infrastructure for Alexandria Electricity Distribution Company (AEDC) in Egypt.

As subsidiary of the state-owned utility Egyptian Electricity Holding Company (EEHC), AEDC is responsible for the distribution network of Alexandria Governorate, the second most populated governorate in Egypt, media reports said.

Implementing advanced software solutions and automation devices will help AEDC to increase efficiency and reliability of the electricity supply, while reducing electricity distribution losses.

During the upcoming 30 months, Siemens will be implementing an ADMS control centre for the West Alexandria region and a control centre to supervise all distribution control centers in Alexandria, the reports said.

A total of 300,000 smart meters will be supplied, including the necessary hardware and software to establish an advanced metering infrastructure.

Siemens will also be delivering ESRI’s Geographical Information System (GIS) within the scope of the project.