The Egyptian Electricity Transmission Holding Company (EETC) is in the process of examining offers submitted by seven companies to modernise the automation centres of three electricity distribution companies, a report said.

The process is likely to be complete next month, added the Daily News Egypt report.

The companies offering technical and financial offers include Siemens, General Electric, and ABB Group, Husseini Al-Far, a full-time member of distribution companies, was quoted as saying in the report.

The EETC and Japan International Cooperation Agency (JICA) have signed a ¥10.7 billion ($94 million) loan to fund the automation projects for Alexandria, North Delta, and North Cairo electricity distribution companies, he added.