Egypt's Elsewedy Electric wins $20m EPC contracts from EETC
The EPC contracts include the construction of 100km of Qusser-Marsa Allam-Bernes transmission lines with 220kV capacity
Egyptian Exchange-listed Elsewedy Electric, a wires and cables service provider, has been awarded two engineering, procurement, and construction (EPC) contracts worth $19.8m by Egyptian Electricity Transmission Company (EETC) for the construction of the 100km Qusser-Marsa Allam-Bernes 220kV overhead transmission lines.
In a stock market filing, Elsewedy Electric for Trading and Distribution said it had signed the agreement with EETC to work on the project.
As part of the first contract, valued at $9.5m for Lot No 2, the Egyptian firm will construct a 50km-long transmission line of 220kV, while the second contract, pertaining to Lot No 4 and valued at $10.3m, will see the construction of another 50km transmission line, also with a 220kV capacity.
Both the contracts will be implemented over a period of six months, starting from the date of contract award.
Elsewedy was awarded two EPC contracts worth $18.6m from Canal Sugar Company this August.
The first contract – valued at $15.4m – covered the construction of an internal 33kV network spread across 180km, and the second included the construction of a transmission line at a cost of $3.2m.