ICEC

Elsewedy’s unit to link power transmission lines for 2.12 bln pounds

Egyptian cable maker El Sewedy Electric announced Monday that its subsidiary ELSEWEDY ELECTRIC for Trading and Distribution has signed a new agreement with the Egyptian Electricity Transmission Company (EETC) worth 2.12 billion Egyptian pounds ($120.5 million).

The agreement aimed at linking the Borg El Arab – Marsa Matrouh 500 Kilovolt power transmission lines with a total length of 255 kilometres.

The EPC contract will be implemented over a six-month period commencing from the date of signing and receipt of the project.

Elsewedy Electric owns a 99.80-percent stake in Elsewedy Electric Co. for trade and distribution.

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