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.
Wakil pointed out that the agency applied for the permit on March 10, 2019, and that it currently works on the remarks it received.
Railway and electrical tie-up are some of ambitious projects discussed by Egyptian Prime Minister Mustafa Madbouly and Sudanese officials in strong determination to bring Egypt and Sudan closer than ever.
In addition to the representatives of Egypt, Ethiopia, and Sudan, the meetings will be attended by U.S. and EU observers as well as AU experts.
Minister of Electricity said that Egypt is a hub for connecting electricity between Arab and African countries and the world.
The ministry said, in a statement, Wednesday, that expansion and substitution work was done to raise the efficiency of the governorate's electrical network and improve service to subscribers.
The four ECCs will be built in Nasr city, New Cairo, Dokki and 6th of October city, Shaker noted, explaining that the electricity distribution networks in these areas are much-more ready and suitable for establishing the power control centers.
The first phase of the linkage was officially launched earlier this year after experimental operation was carried out successfully.
The project would help meet the Government’s financing requirements, expand social expenditures to mitigate the socio-economic impact of the pandemic.
Minister of Electricity announced Tuesday, during a press conference, that the price of electricity for the domestic sector will be raised by the beginning of July 2020 by 19.1 percent.
Whoever consumes more than 650 kilowatts per month will be excluded from subsidies and will bear the actual cost of the kilowatt per hour, according to Shaker.