ELSEWEDY ELECTRIC's subsidiary signs $38.6M contract in Congo

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Sun, 09 Aug 2020 - 02:22 GMT

Elsewedy Electric - Company's Website

Elsewedy Electric - Company's Website

CAIRO – 9 August 2020: ELSEWEDY ELECTRIC S.A.E. (SWDY) announced Sunday that its subsidiary ELSEWEDY ELECTRIC for Transmission & Distribution of Energy signed a contract with the “SOCIETE NATIONALE D ELECTRICITE” (SNEL) on August 6, in Congo.

 

The company clarified in a statement that the contract is to build a 220- 15/6.6 kV high voltage distribution substation in the city of Kasumbalesa, province of Haut - Katanga, with a value of $38.6 million. 

 

It added that the project is strategic due to enabling efficient management of the flow of energy exchanged between the electricity grid of Southern Africa (SAPP) and that of the DRC; and improving energy exchanges and the measurement of this energy exchanged between the DRC and Zambia.

 

“It’s also strategic due to increasing the rate of electricity supply to the province and the country; and romoting the socio-economic development of KASUMBALESA and its surroundings,” it added.

 

According to the statement, ELSEWEDY ELECTRIC’s scope of work covers engineering, procurement and construction (EPC) of the entire project on turnkey-basis; and should be completed within 18 months from the project’s commencement date.

 

Elsewedy Electric operates within the capital goods sector focusing on electrical components and equipment. It has subsidiaries operating across Northern Africa, Eastern Africa, Middle East and Southern Europe. 

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