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El Sewedy Electric two transformer
contracts for $57mn
EGYPT EL Sewedy Electric for Trade and Distribution, a Both contracts have a 12-month delivery date
subsidiary of electrical engineering conglomer- starting from the point of receiving their respec-
ate El Sewedy Electric, has signed two contracts tive sites.
to build transformer stations for the Egyptian El Sewedy Electric is a leading integrated
Electricity Transmission Company, the state- energy solutions provider in the Middle East and
owned monopoly transmission lines operator, Africa region with over 22 production facilities
worth EGP1.1bn ($57mn), reported Amwal Al across 15 countries. It is a leader in integrated
Ghad newspaper. energy, infrastructure and digital solutions, with
The first contract pertains to the construction enormous capabilities in delivering turnkey
of a transformer station in El-Hamam city just projects. The company operates in five business
off of Alexandria on the Mediterranean coast lines: wires and cables, electrical products, engi-
for EGP566.8mn, while the second contract is neering and construction, infrastructure invest-
for building a passive gas-insulated transformer ments and digital solutions.
station at a total cost of EGP533.3mn.
Week 35 01•September•2022 www. NEWSBASE .com P7
