The company clarified that the contracts are to construct three substations in Central and North Sinai.
The company clarified in a filing to the Egyptian Exchange (EGX) that the contract is to build substation for electricity Company of Ghana.
As for standalone results, the company recorded profits of LE 55.97 million during 2021 period, compared to LE 2.15 billion during the six months of 2020.
The company clarified that the addendum is to execute the internal electricity network (medium and low voltage) for an area of 20,000 new reclaimed feddans (2 plots Nos. 17 & 18) for the Middle Egypt Electricity Distribution Company in the East Owenat region, New Valley Governorate.
It recorded a net profit of LE 769.49 during the first quarter of 2021, compared to profits of LE 463.69 million during the first quarter of 2020, taking into account minority rights.
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,