By Daniel Itai.
Cairo, Egypt. (News of The South) – Egypt’s electronics company, ElSewedy Electric (SWDY) yesterday announced that its subsidiary Iskraemeco-Egypt had signed a US$36.7 million contract with Madagascar’s state-owned electric and water utility company Electricity & Water Company (JIRAMA) for the supply of smart pre-paid meters.
Iskraemeco-Egypt revealed that the contract will enable it to supply 485 000 pre-paid smart meters.
“The supply contract will be implemented over 3 years commencing from the contract’s signing date,” read the statement from Iskraemeco-Egypt.
Access to electricity remains low with about 20 percent of the total population having access to this form of modern energy. In the rural areas, only about 5 percent have access to electricity.
The installed capacity of electricity production in Madagascar accounts for only 650 MW.
Hydropower in general provides approximately 68 percent of the country’s electricity, the rest is produced by close to 100 diesel power plants.
There is only a very limited national electricity grid between the capital Antananarivo and the city of Antsirabé. The rest of the electrified cities and villages rely on isolated small and mini grids.
The World Bank’s Board of Directors in March approved a US$150 million International Development Association credit to provide improved access to electricity services for households, enterprises, and health facilities in Madagascar.
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