Latest in Tag: Elsewedy Electric Highlight
Latest in Tag: Elsewedy Electric
Egypt’s Elsewedy Electric acquires International Cables for EGP 410m
Egypt’s Elsewedy Electric has announced that it has signed a share purchase agreement (SPA) to acquire 99.25% of the shares of the International Cables Company (ICC). In a statement to the Egyptian Exchange (EGX) on Saturday, Elsewedy Electric said that the value of the contract amounts to EGP 410m. It highlighted that the implementation of …
Elsewedy Electric enters Asian market through $60m acquisition of 2 companies
In a statement to the Egyptian Exchange (EGX), the company said that it acquired 95% of PT CG Power Indonesia, which specialises in manufacturing electrical transformers in Indonesia.
Elsewedy Electric to establish Nile Delta transmission network control centre
Total value of project is estimated at EGP 870m
Elsewedy signs EGP 711m infrastructure contract for South Valley Development Project
Project covers electrical infrastructure works for first phase of South Valley project
Elsewedy Electric receives high-level delegation from Business France
Business France discusses cooperation with Elsewedy Electric, supporting French investments in Egypt
Elsewedy Electric signs EGP 846m contracts for Toshka transformer station
The contracts 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 410m.
Elsewedy Electric implements EGP 100m Toshka external electricity network
New network will cover area of 40,000 feddan
Elsewedy Electric T&D signs EGP 308m contract to build transmission line, internal network for Canal Sugar
The contract specifies the construction of an internal network of 33 KV with a length of 180 KM with a value of EGP 255 million on turnkey basis. The EPC contract will be implemented over a 24 – month.
El Sewedy, EDF start commercial operation of 2 solar stations in Benban
Projects output 130MW with $140m investments
Elsewedy Electric, TMG lead Egyptian companies in world’s largest sovereign wealth fund portfolio
Norwegian ‘Government Pension Fund Global’ invests $428m in EGX until end-2018
Elsewedy Electric, Arab Contractors sign $2.9bn contract for power plant in Tanzania
Tanzanian People can count on Egyptian joint venture: El Sewedy
Turnkey segment to drive Elsewedy Electric revenue growth in 2019: report
Company likely to secure average awards of $959m, margins to hover around 17%
Elsewedy Electric actively exploring new growth avenues with focus on infrastructure
Company pushing ahead with building recurring revenue streams in power generation
Egyptian investment opportunities, challenges
Development, creating jobs are solution for terrorism, says Elsewedy
Elsewedy Electric establishes 2 wind farms worth €500m with Marubeni
Negotiations with NREA to allocated land plot in Gulf of Suez or west of Nile
ElSewedy Electric, Huawei promote solar energy projects
The two companies have signed an MoU to cooperate on promoting products and services to photovolatic solar energy projects in MENA
Elsewedy Electric reports 68% hike in Q2 profits on higher revenues
The company proposes cash dividend to shareholders of EGP 8 for H1 2017
Commercial operation of Siemens power plants to begin next week
Siemens will add 1,200MW to the electricity grid from the Beni Suef power plant, and 800MW from New Administrative Capital and Borollos power plants
Electricity Ministry agrees with Elsewedy Electric, NCC to reduce contractual value of Upper Egypt lines
Al-Sisi demands Shaker to reduce the cost of the ministry: Sources
Elsewedy Electric, NCC win Upper Egypt electricity tender
Elsewedy Electric and the National Contracting Company (NCC) won a tender to implement three electricity lines in Upper Egypt extending from Samalout to Naga Hammadi at a cost of EGP 4.187bn. A source at the Ministry of Electricity told Daily News Egypt that the companies presented the best financial bids. Elsewedy Electric is set to …
Elsewedy Electric’s revenue predicted to increase by 39% annually from 2017-2020 following pound’s flotation: Mubasher
“Turnkey Project” is the most profitable sector at Elsewedy after the flotation of the pound, because its projects’ revenues are in foreign currency
Electricity Ministry to select from Elsewedy Electric, State Grid to establish Samalut-Naga Hammadi transmission lines
The Ministry of Electricity is to choose between the State Grid Corporation of China and Egypt’s Elsewedy Electric to establish a transmission line from Samalut to Naga Hammadi with a capacity of 500 kV. Sources at the Ministry of Electricity said the technical committee for the Egyptian Electricity Holding Company (EEHC) will meet on Tuesday …
Arqaam Capital forecasts 16% increase for Elsewedy Electric’s gross profits by 2019
Elsewedy Electric’s net profits increased by 99.2% in the second quarter of the fiscal year 2016 compared to the same period in the previous year
Elsewedy Electric increases smart metering contracts portfolio to €148m supported by Gulf, European markets
The domestic market is expected to increase the Elsewedy Electric’s revenues as the wire and cable sector recorded a 17% annual increase in sales during the first half (H1) of 2016, according to an official at the company. The wire and cable sector’s total annual sales increased by 19%, recording 85,901 tonnes. The sector’s revenues …
Elsewedy Electric doubles its turnkey project contracts to EGP 21.4bn
The company plans to implement three power plants in Angola this year
Elsewedy Electric to complete feasibility study of coal-fired power plant with Marubeni in December
CEO of Elsewedy Electric Group Ahmed Elsewedy said that his company signed a memorandum of understanding (MOU) with Marubeni in March to establish a coal-fired power station in western Matrouh governorate on the Mediterranean coast.
Siemens, Elsewedy Electric sign €2bn power plant agreement
Project is expected to begin operations by end of 2016 and to reach full capacity by mid-2018
NUCA finalises operation of 5 solar power stations
Stations’ energy capacity varies from 45 KWH to 90 KWH
Elsewedy Electric registers EGP239m net profits in Q1 2015
Consolidated revenues in Q1 of 2015 decreased by 8%, to reach EGP 4bn versus EGP 4.3bn in Q1 2014, company says