Tuesday 29 September 2020

Elsewedy Electric unit wins Congo substation project deal

DUBAI, August 9, 2020

Elsewedy Electric, a leading integrated energy and infrastructure solutions provider in the Middle East and Africa, said one of its units has inked a deal with the Societe Nationale D Electricite (SNEL) to build a 220- 15/6.6 kV high-voltage distribution substation in the city of Kasumbalesa in DR Congo.
The agreement was signed through its subsidiary Elsewedy Electric for Transmission & Distribution of Energy on August 6, said the company in a statement.
The project will be coming up in the province of Haut - Katanga at an investment of $38.6 million. 
Elsewedy Electric’s scope of work includes engineering, procurement and construction (EPC) of the entire project on turnkey-basis which would be completed within 18 months from the project’s commencement date, it stated.
On completion, it will enable efficient management of the flow of energy exchanged between the electricity grid of Southern Africa (SAPP) and that of the DRC; improve energy exchanges and the measurement of this energy exchanged between the DRC and Zambia in addition to increasing the rate of electricity supply to the province and the country and also promoting the socio-economic development of Kasumbalesa and its surroundings.
A major provider of integrated energy solutions in Africa and the Middle East, Elsewedy Electric is a  significant contributor to economic growth in Egypt. It has a portfolio incorporating all traditional and renewable energy areas along with related services. 
It is one of the largest worldwide manufacturers of cables and meters, especially smart meters and also transformers, insulators and other electrical products. 
Elsewedy Electric, which boasts a wealth of local experience and a 15,000-strong global workforce, generated revenue worth E£46.6 billion ($2.9 billion) and net income of E£4 billion ($249 million)  in fiscal 2019, which ended on December 31.-TradeArabia News Service


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