Last Update 21:39
Sunday, 23 February 2020

El-Sewedy Electric signs EGP 1.2 bln contract with consortium to upgrade Cairo regional centre

The project's total value is worth EGP 1.2 billion, while EgyTech's share is estimated at EGP 583.7 million

Doaa A.Moneim , Sunday 5 Jan 2020
El Sewedy
El Sewedy is planning to invest in Russia and Australia.
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El-Sewedy Electric, a leading wires, cables, and integrated energy solution provider in MENA and Africa, has signed a contract with the Egyptian Electricity Transmission Company (EETE) as part of a consortium to improve Cairo's regional control centre on a turnkey basis.

The consortium includes NARI Group Corporation, EgyTech Cables, Huawei International Corporation Ltd, and Huawei Technologies Egypt Company.

The project's total value is worth EGP 1.2 billion, while EgyTech's share is estimated at EGP 583.7 million, the company said in a statement.

The contract is scheduled to be implemented over 20 months starting from receiving the advance payment.

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