El-Sewedy to enter new markets

Ahram Online, Sunday 12 Dec 2010

The leading electricity company in the Midddle East is planning to establish two new plants in Russia and Australia

El Sewedy 1
El Sewedy is planning to invest in Russia and Australia.

El-Sewedy Electric is planning to establish two electrometres plants in Russia and Australia with an investment value of $20 million, says Emad Zaki Basyouni, vice chief executive of El-Sewedy.

The company will depend on these plants in its final phases of production and after sale services of locally made electrometres exported to Russia and Australia, according to Al-Mal daily newspaper.

In 2010, the company acquired a Czech electrometre company at $20 million with total production of $25 million annually covering Eastern European countries.

Meanwhile, a company delegation visited Guinea to study the opportunities available there.

El-Sewedy has several projects in Africa. Recently, the group finalised a project that lights 150 kilometres of roadway in Ghana. Since 2008, El-Sewedy also started to build eight electricity stations in Accra.

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