Elsewedy Electric’s subsidiary signs addendum to EPC contract worth LE 190M

CAIRO – 5 August 2021: ElSewedy Electric for Trading & Distributing, a subsidiary of Elsewedy Electric, signed a new addendum to EPC contract worth LE 190 million.

The company clarified that the addendum is to execute the internal electricity network (medium and low voltage) for an area of 20,000 new reclaimed feddans (2 plots Nos. 17 & 18) for the Middle Egypt Electricity Distribution Company in the East Owenat region, New Valley Governorate.

On May 20, the company announced the signing of a contract to build electrical network to electrify a 50 thousand acres in East Owenat with a value of LE 475 million, on a turnkey system.

“Thus, the total signed contracts in the East Owenat area amounts to about LE 665 million,” it pointed.

According to the company, the contract will be implemented over 3-months period from the date of signing contract or receiving advance payment on turnkey system.

Elsewedy Electric for Trading & Distribution is specialized in the execution of high voltage transmission lines for more than 1000 km with both (220 KV & 500 KV) and substations (220 KV & 500 KV) within Egypt and Africa.

Elsewedy Electric operates within the capital goods sector focusing on electrical components and equipment.

It has 37 subsidiaries operating across Northern Africa, Eastern Africa, Middle East and Southern Europe.