ELSEWEDY ELECTRIC signs LE 119.8M agreement with EETC

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Tue, 12 May 2020 - 03:31 GMT

BY

Tue, 12 May 2020 - 03:31 GMT

Elsewedy Electric - Company's Website

Elsewedy Electric - Company's Website

CAIRO – 11 May 2020: ELSEWEDY ELECTRIC announced Tuesday that its subsidiary, ELSEWEDY ELECTRIC for Trading & Distribution has signed a new agreement with the Egyptian Electricity Transmission Company (EETC) with a value of LE 119.8 million on a turnkey basis.

The company clarified that the agreement is for Suez Gulf area S4 500KV overhead transmission lines with a total length of 20 km.

“The EPC contract will be implemented over a 6-month period,” it added.

It clarified that ELSEWEDY ELECTRIC for Trading & Distribution is a pioneer company in the execution of high voltage transmission lines for more than 1000 km with both (220 KV & 500 KV) and substations (220 KV & 500 KV) within Egypt and Africa.

Elsewedy Electric operates within the capital goods sector focusing on electrical components and equipment. It has subsidiaries operating across Northern Africa, Eastern Africa, Middle East and Southern Europe.

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