In a statement, Saeed said the new allocations come as part of the political leadership's interest in carrying out more national projects to better serve citizens.
There are millions of Africans suffering from hunger, lack of electricity, and insecurity.
The conflict results in the sabotage of infrastructure and utilities.
The total investment cost is estimated at LE 95.6 billion
The total amount developed and implemented in the electrical network in the Qena Governorate sector during the period from July 2014 to June 2020 amounted to LE 1.6 billion.
Egypt has previously announced its plan to establish a smart electrical grid, including a variety of operation and energy measures amid its move to renovate the whole sector.
In addition, the ministry upgraded the customer service centers and introduced e-payment.
It will be built in the New Administrative Capital.
Egypt ministers attended the celebration.
The meeting tackled the latest update of the ministry’s projects nationwide.
This comes as a part of the Presidential Initiative project, "Hayah Karima" a decent life for every Egyptian - for every Egyptian.
The Cabinet ratified on Wednesday the initiative of the Arab Fund for Economic and Social Development (AFESD) to push back the due dates of loan installments and interests.
On his side, Siemens AG president and CEO expressed the company's aspiration to develop its activities in Egypt.
Sisi’s directives come in harmony with mechanization and the use of smart and prepaid meters to improve tariffs collection mechanisms and develop services, said Presidential spokesman Bassam Radi.
Shaker stressed that the implementation of the linkage project strengthens the partnership between the two countries as well as achieving benefits for the two countries.
Sixth others – worth $731 million - are underway.
The cabinet meeting tackled another number of projects in the fields of basic commodity supply, education, agricultural green houses, and seed productions.
In spite of the increasing care given to renewable energy, particularly solar and wind, bioenergy is still overlooked.
The company clarified that the contract is to build the substation at Sadat City, Northwest of Cairo, will be implemented over a 14-month period.
Shaker added that prepaid meters are distinguished by the fact that they do not need any human intervention and are fully functional.