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ELSEWEDY ELECTRIC for Trade & Distribution Signs New Contract with the Egyptian Electricity Transmission Company
[02 Oct 2017]

ELSEWEDY ELECTRIC (SWDY.CA on the Egyptian stock exchange), the leading Wires & Cables and Integrated Energy Solution Provider in the Middle East and Africa, announced today that its subsidiary ELSEWEDY ELECTRIC for Trade & Distribution has signed a new agreement with the Egyptian Electricity Transmission Company (EETC) for phases two and three of the Sharq AI Owainat transmission lines in the New Valley Governorate with a total length of 200 km.

Signed on 1 October 2017, the turnkey agreement covers engineering, procurement and construction works for all components except metal towers procurement, and consists of two contracts with a total value of EGP 437,620,762 distributed as follows:

  • Phase Two Contract: EGP 219,711,406
  • Phase Three Contract: EGP 217,909,355

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