Schneider Electric wins $295M smart grid deal with Egypt's national utility

In July 2020, Egypt's national utility provider signed a deal with Schneider Electric worth about $295 million to convert the country's electric distribution network into a smart grid. The project is part of a three-phase deal valued at around $885 million once fully finalized.

“In July 2020, Egypt's national utility provider inked a deal with France's Schneider Electric worth about $295 million to convert the country's electric distribution network into a smart grid, intended to underpin its energy network for decades.”forbesmiddleeast.com

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• forbesmiddleeast.comSchneider Electric’s Caspar Herzberg On Digitization, Sustainability, And Egypt’s $295M Energy DealSamuel Wendel, Imane Fawzy, Joyce Abaño, Sara Dorn, Siladitya RayDec 9, 2020

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