Elsewedy Electric wins $22.4m contract to build substation in Egypt

Egyptian Stock Exchange-listed Elsewedy Electric, an integrated solutions provider in the Middle East, has secured a $22.4m engineering, procurement, and construction (EPC) contract to build a substation in Sadat city in the North African nation.

In a stock market filing, the company said that the contract was awarded to its subsidiary, Elsewedy Electric for Trading & Distribution.

According to the company, the EPC contract was granted on turnkey basis, and will be implemented  over a 14-month period.

The news comes days after, the company inked a contract with the National Electricity Company in Congo to build a substation in the Democratic Republic of Congo, under a contract value of $2.4m.

As per the contract, the Egyptian firm will build high voltage distribution substation in the city of Kasumbalesa, province of Haut – Katanga.

The scope of work for the project includes EPC of the entire project on turnkey basis. The project will be completed within 18 months from the date of commencement.

Previously, the company had also won a $45m contract from the Sudan’s Ministry of Energy and Dams to build a 20MWp hybrid solar photovoltaic plant with battery storage system in the capital, Juba.

The plant will be constructed on 25ha of land near Nesitu County, which is 20km from the South African’s nation’s capital.

The solar project, which is financed by African Export-Import Bank, comprises a 20MWp solar PV park, a 35MWh battery storage system, and an in-house training centre for Jubek state and the entire Equatoria region.

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