IFC is investing up to $10 million in a local Egyptian company to help it expand installation of digital prepaid and smart electricity meters.

The investment will support government energy reforms to improve accuracy in billing, give consumers more payment options and provide consumers with better information about their energy use in order to encourage savings.

For more information, please see https://www.smart-energy.com/industry-sectors/smart-meters/ifc-fund-to-accelerate-smart-meter-adoption-in-egypt/