January 22, 2022

Elsewedy Electric’s unit inks EGP 686M contracts


ArabFinance: Egytech Cables, a 99.98%-owned subsidiary by Elsewedy Electric (SWDY), has signed two new contracts worth KWD 13.2 million (EGP 686 million) with the Public Authority for Housing Welfare in Kuwait, Elsewedy Electric announced in a press release.

Under the signed contract, Egytech Cables will carry out the design, supply, installation, and maintenance of all works related to the 132 kV ground cables for supplying the main substations 132/11 kV of N6 and N10 regions for El Mutlaa Residential city.

The project is set for implementation in an 18-month period on a turnkey basis.

It is worth noting that the contracts were signed on January 19th.

Elsewedy Electric is a leading integrated energy solutions provider in Africa and the Middle East. It has a portfolio incorporating all traditional and renewable energy areas along with related services.

arabfinance


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