Deadline extended to receive requests to manage companies of EV charging stations - ministry

CAIRO - 17 March 2022: The Public Business Sector Ministry decided to extend the deadline for receiving requests to manage and operate companies of electric vehicle (EV) charging stations.

 

The decision to extend the deadline, which will end on March 24, was taken upon request of three companies, which voiced keenness to take part in the project.

 

In a statement Wednesday, the ministry said that an agreement was reached with a host of national investment institutions from the public and private sectors to set up a joint company to establish and manage EV charging stations with an estimated investment cost of around LE 450 million.

 

The company will be funded with a capital of LE 150 million and medium-term loans of LE 300 million, according to the ministry.

 

After its establishment, the company will swiftly establish and operate 3,000 EV charging stations within 18 months in the governorates of Cairo, Alexandria, Giza, Sharm el Sheikh and on highways, it added.

 

The ministry, meanwhile, called on qualified and experienced companies interested in participating in the project to submit their requests at its headquarters.