Egypt and France signed a range of agreements worth USD 2.26 billion during French President Francois Hollande’s two-day visit to Cairo, which began on Sunday, Reuters reports. The agreements are in the fields of energy, defense and security, among others. General Electric penned a Protocol of Cooperation worth USD 250 million with the Egyptian Electricity Transmission Company, in the presence of Egyptian President Abdel Fattah Al-Sisi and his French counterpart Francois Hollande. The deal means that GE will provide Egypt with its advanced grid solutions technologies at four substations aimed to strengthen Egypt’s national electricity grid. These substations will connect 7 gigawatts of power to the national grid, which will connect over 6.5 million Egyptian homes. Also, French company Engie announced that it signed two energy agreements with Egypt. The first is a cooperation agreement for the development of renewable energy with the Egyptian National Renewable Energy Association and the Egyptian Electricity Transport Company. The second agreement was signed between Engie and the Egyptian National Gas Holding Company, which will see Egypt import liquified natural gas (LNG). An agreement between the Egyptian government and French defense and security company Safran…
