Elsewedy, NCC win $230m electricity tender
CAIRO, 8 days ago
Elsewedy Electric and the National Contracting Company (NCC) won a tender to implement three electricity lines in Upper Egypt at a cost of EGP 4.187 billion($230 million), a report said.
The lines extend from Samalout to Naga Hammadi.
Elsewedy Electric will implement two lines; the first in Akhmim, Sohag with a length of 180 km, while the second will link Akhmim to East Qena via a 176 km electricity line, Daily News Egypt reported, citing a source at the Ministry of Electricity.
Meanwhile, the NCC will implement one electricity line extending between East Qena to Naga Hammadi with a length of 70 km.
The source added that 60 per cent of the cost of the three lines will be paid in local currency and 40 per cent in foreign currency.
The Egyptian Electricity Transmission Company (EETC) chairperson Gamal Abdel Rahim said that the project will be completed by the end of June. The project aims to absorb the new capacities that will be added throughout the year.