Egypt’s Elsewedy Electric is upping its solar energy game: Elsewedy Electric for Transmission and Distribution — a subsidiary of Elsewedy Electric — signed a USD 176.1 mn turnkey contract to build a 300 MW solar power station for Saudi Arabia’s Al Ghazala Energy company, according to a company statement (pdf). Elsewedy will design, supply, and install the entire project within 16.5 months, the statement said. Elsewedy will operate and maintain the facility for 29 months after its completion.

Elsewedy has been stepping up its involvement in Saudi lately: Yesterday’s announcement comes a few months after the company approved in November setting up one or more new companies in Saudi Arabia, according to a company disclosure to the Egyptian bourse (pdf). The companies’ potential activities include the management of holding companies’ subsidiaries, investments, real estate ownership, lending, and leasing.

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