- The four substations will connect 6.5 million homes to the national grid
- The first of four substations is complete and is already connected to the grid
- This project comes at a crucial time to avoid bottlenecks in energy transmission and distribution
GE (NYSE: GE) today announced that it has reached financial closure for the contract worth approximately $250 million signed with the Egyptian Electricity Transmission Company (EETC) and financed through Deutsche Bank AG and HSBC France to provide the company’s advanced grid solutions