Egypt negotiating with French firm to mange electricity grid in New Capital

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Egypt’s state-owned Administrative Capital for Urban Development (ACUD) is currently negotiating with the French Électricité de France to manage the electricity network in the yet unnamed new capital, according to Chairman of ACUD Ahmed Zaki Abdeen.

Abdeen added during his meeting with  the Federation of Egyptian Industries that the total cost of implementing the electricity utilities has reached 4 billion Egyptian pounds.

ACUD  is negotiating with the French company to sign a partnership deal to manage the electricity network for 10 years.

Moreover, French Électricité de France is managing electricity grids in 60 cities including paris around the world.

President Abdel Fatah al-Sisi has laid the first stone of the New Administrative Capital in East Cairo on July, 14. With an area of 170,000 feddans, the new capital will include 20 residential areas expected to accommodate 6.5 million people and a road network of 650km in length.

The new capital will include an international airport and an electric train to link it with the 10th of Ramadan and El-Salam cities. The city will feature 1,250 mosques and churches, a 5,000-seat conference centre, nearly 2,000 schools and colleges, over 600 medical facilities, and a park that is projected to be the world’s largest.

The New Administrative Capital is located in the area between the Cairo-Suez and Cairo-Ain Sokhna roads, east of the regional ring road. This is roughly 60km from the cities of Suez and Ain Sokhna.