CAIRO – 11 November 2020: Elsewedy Electric’s subsidiary Elsewedy Electric for Trading & Distribution signed three new EPC contracts worth E£846 million ($54 million) with the Egyptian Electricity Transmission Company (EETC). The deal included the construction of overhead transmission line (2X30 km) worth E£148 million on turnkey basis to connect Toshka 4 substation. The EPC contract will be implemented over 10-month period starting from the date of acceptance of the bid. In addition, It involved the construction of West Portsaid Substation with a value of E£288 million on turnkey basis. “The EPC contract will be implemented over 12-month period starting from the signing date,” it added.

Source: Egypt Today November 11, 2020 15:33 UTC