As for standalone results, the company recorded profits of LE 2.29 billion during 2020, compared to LE 2.41 billion during 2019.
The project will power the island of Boubyan and Mubarak Al Kabeer Port, currently being constructed by the Ministry of Public Works.
“The scope of ElSewedy Electric for Trading & Distributing in the project includes -electrical, mechanical work, road words and water networks on turnkey basis,” the company clarified.
The company clarified that the contract is to execute the sewage treatment plant Njih with the capacity of 6000m/3day in Al Sharqia governorate in Egypt.
The contract is for the construction of Kattameya Creeks compound in New Cairo area in Egypt.
The execution duration is 18 months for ITS for-highway roads in Egypt including Traffic Management System (TMS) and toll collection system (TCS) in addition to the main control rooms in the ACUD, phase one includes six highway roads with total 1079 km.
The deal included the construction of overhead transmission line (2X30 km) worth E£148 million on turnkey basis to connect Toshka 4 substation.
The company clarified that the contract is to build the substation at Sadat City, Northwest of Cairo, will be implemented over a 14-month period.
Moreover, the company’s standalone profits recorded LE 2.15 billion during the period of 2020, compared to LE 2.08 billion during the same months of 2019.
ELSEWEDY ELECTRIC for Transmission & Distribution of Energy signed a contract with the “SOCIETE NATIONALE D ELECTRICITE” (SNEL) on August 6, in Congo.
The company clarified in a statement that the contract aims at the construction of the electricity and telecommunications infrastructure for phase three on turnkey basis.
The company clarified that the contract will be implemented over an eight- month period.
The company clarified that the agreement is for Suez Gulf area S4 500KV overhead transmission lines with a total length of 20 km.
“The supply contract will be implemented over 3 years commencing from the contract's signing date,” the company said.
ElSewedy Electric for Trading & Distributing, Elsewedy Electric, Agreement, Egyptian Electricity Transmission Company, EETC,
The agreement between the two companies includes a system for storing energy in batteries, in the cities of Sesheke and Mungo in the Republic of Zambia.
As per standalone results, the company recorded profits of LE 2.08 billion, compared to LE 1.02 billion during the same half of 2018.
The European Bank for Reconstruction and Development (EBRD) and France’s Proparco equally financed the two solar plants with an amount of $111 million.
The company elaborated in a statement that the companies are three wind and one hydro-electric energy companies.
The 195-kilometer-long line will be set up within six months, the ministry said, noting that the company has secured the needed funds for the line's establishment.