Elsewedy Electric secures US$0.80m from HBD for establishment off Elsewedy Technical Academy

EGYPT – The Housing and Development Bank (HDB) has signed a cooperation protocol with Elsewedy Electric to be the main and only partner for establishing a third branch of Elsewedy Technical Academy (STA) in the Sadat Industrial Zone, with an investment of EGP12.5 million (US$0.80m). This partnership aims to qualify a strong generation of technical education graduates and provide them with the latest specialized curricula in addition to practical training. This helps them meet the actual needs of the labour market, thus contributing to dealing with unemployment, achieving social justice,…

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Elsewedy Electric’s subsidiary secures US$45m contract at South Valley Development Project

EGYPT – The Elsewedy Company for Trade and Distribution, a subsidiary of Elsewedy Electric, has secured a contract worth EGP 711 million (US$45.41m) for infrastructure works at the South Valley Development Project. In a disclosure to the Egyptian Exchange (EGX), Elsewedy Electric said that this project covers electrical infrastructure works for the first phase of the South Valley project under a turnkey system. The work is scheduled to be completed within three months from the date of signing. Earlier in February, ElSewedy Electric for Trading & Distributing, signed a new…

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South Africa’s Asunim and 1-kwh join the 20MWp Juba solar project

SOUTH SUDAN – A consortium of Asunim Solar and I-kWh has joined a solar project under development near Juba, the capital of South Sudan. The two companies will work alongside Elsewedy Electric. In December 2019, the Egyptian company won the contract to build this 20 MWp photovoltaic solar power plant. The 20 MWp solar project under development has two new players, the photovoltaic system supplier Asunim Solar, based in the United Arab Emirates, and the renewable energy solutions consultancy company I-kWh. The Egyptian company was awarded the contract following a…

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Elsewedy Electric secures US$54M tenders for Toshka transformer substations

EGYPT – Elsewedy Electric Transmission and Distribution has secured two fast track tenders for the Toshka transformer substations, worth just over US$54 million. Ministry of Electricity and Renewable Energy and the Elsewedy Electric for Trading and Distribution signed the contracts which will see the Egyptian Electricity Transmission Company (EETC) construct the Toshka 4 transformer station of the gas-isolated type, under the turnkey system, at a value of EGP 410 million (US$28.21m). The first contract includes the construction of overhead transmission lines (OHTL) and the turnkey construction of the 220 KV…

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