Elsewedy Electric wins $19m Canal Sugar Company EPC contracts
Contracts cover construction of 33kV network and transmission line, and will be delivered over a 30-month period
Egyptian Exchange-listed (EGX) Elsewedy Electric has won two engineering, procurement, and construction (EPC) contracts worth $18.6m for Canal Sugar Company, with the first contract – valued at $15.4m – covering the construction of an internal 33kV network spread across 180km, and the second including the construction of a transmission line at a cost of $3.2m.
The contract was awarded to Elsewedy Electric for Trading and Distribution, a subsidiary of the New Cairo-headquartered wire and cables services provider.
In a statement, Elsewedy Electric said that the contracts would respectively be implemented over a period of 24 and six months, starting from the date of signing the contract and receiving the advance payment.
According to the statement, the contract win comes after Elsewedy Electric for Trading and Distribution signed a $26.8m contract to build a substation and transmission line for Canal Sugar Company this April.
The firm has signed $45.4m of contracts with Canal Sugar Company to date.