ICEC

Elsewedy Electric’s unit wins EGP 138 mln contract

Egypt’s El Sewedy Electric on Wednesday said a consortium of its subsidiary, El Sewedy Electric for Trade and Distribution, and two other firms has won an 138 million pounds contract for the development of the regional control centre in the Canal cities.

The consortium’s two other firms comprise ABB Switzerland and ABB Arab, the company said in a filing to the Egyptian Exchange (EGX).

Upon the contract, the alliance will supply, install and conduct tests to develop the international arbitration centre in the canal cities for approximately 115 substations within six governorates, the Egyptian cable maker indicated.

The project will cover developments in the governorates of Sharqia, Ismailia, Suez, Port Said, Red Sean and the North, and South Sinai, according to the filing.

The contract is set for execution within 12 months as of 25 September, the date of the deal signing, the company stressed.

In August, Elsewedy Electric said that its subsidiary El Sewedy Electric for Transmission won two contracts to build electric grids in Mauritania at a combined cost of $19.8 million.

The first contract covers building a 90-to-33-kilovolt network with $8.14 million in investments, and the second contract includes setting up 33-kilovolt girds for about 34 villages at 11.6 million pounds.

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