Tuesday 19 March 2024
 
»
 
»
Story

El Sewedy unit signs $484m Angola power station deal

CAIRO, February 7, 2016

El Sewedy Power, a subsidiary of Egypt’s El Sewedy Electric, has signed a contract worth $484.5 million to build three power stations in Angola, said a report.

The deal signed with the Angolan government is yet to receive approval by Angola's president and a specialised court, added the Ahram Online report.

The contract involves supplying, building, operating, financing and maintaining the stations.

The project will be done during 2016 but the contract is not yet in effect and is suspended on certain conditions, including the president's approval, further stated the report.




Tags: | angola | power stations |

More Industry, Logistics & Shipping Stories

calendarCalendar of Events

Ads