Latest in Tag: Elsewedy Electric Highlight
Latest in Tag: Elsewedy Electric
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.
Total value of project is estimated at EGP 870m
Project covers electrical infrastructure works for first phase of South Valley project
Business France discusses cooperation with Elsewedy Electric, supporting French investments in Egypt
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.
New network will cover area of 40,000 feddan
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.
Projects output 130MW with $140m investments
Norwegian ‘Government Pension Fund Global’ invests $428m in EGX until end-2018
Tanzanian People can count on Egyptian joint venture: El Sewedy
Company likely to secure average awards of $959m, margins to hover around 17%
Company pushing ahead with building recurring revenue streams in power generation
Development, creating jobs are solution for terrorism, says Elsewedy
Negotiations with NREA to allocated land plot in Gulf of Suez or west of Nile
The two companies have signed an MoU to cooperate on promoting products and services to photovolatic solar energy projects in MENA
The company proposes cash dividend to shareholders of EGP 8 for H1 2017
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
Al-Sisi demands Shaker to reduce the cost of the ministry: Sources
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 …
“Turnkey Project” is the most profitable sector at Elsewedy after the flotation of the pound, because its projects’ revenues are in foreign currency
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 …
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
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 …
The company plans to implement three power plants in Angola this year
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.
Project is expected to begin operations by end of 2016 and to reach full capacity by mid-2018
Stations’ energy capacity varies from 45 KWH to 90 KWH
Consolidated revenues in Q1 of 2015 decreased by 8%, to reach EGP 4bn versus EGP 4.3bn in Q1 2014, company says