Schneider Electric wins $278mln Egypt power project deal – ZAWYA

Schneider Electric wins $278mln Egypt power project deal – ZAWYA

Schneider Electric wins $278mln Egypt power project deal | ZAWYA MENA Edition HomeBusinessEnergyArticleSchneider Electric wins $278mln Egypt power project deal Schneider Electric will build four control centres that will monitor and optimise the electricity network    The logo of Schneider Electric is seen at the company's headquarters in Rueil-Malmaison, France, August 17, 2019. Schneider Electric, a leader in energy management and automation, said it has secured a €254 million ($278 million) contract from Egyptian Electricity Holding Company to help convert electric distribution network into a future-ready smart grid.As per the agreement, Schneider Electric will build four control centres that will monitor and optimise the electricity network, as well as over 12,000 smart ring main units that will be installed throughout the national network within the next 18 months.The four control centers will use Schneider Electric's Advanced Distribution Management System (ADMS) to monitor, control, and reconfigure the network, through the use of big data and artificial intelligence, said the statement from the company.On completion, it will create the Middle East's first-ever country-wide smart grid that will be able to meet the needs of the country's growing population as well as its industrial development, it stated.Schneider Electric said it will leverage its