EGEMAC to supply EGP 350 mn machinery for two transformer stations

The Egyptian Electricity Transmission Company has contracted the Egyptian German Electrical Manufacturing Company (EGEMAC) to supply machinery for two transformer stations in Sharm El Sheikh and Hurghada at a total cost of EGP 350 mn, EGEMAC Chairman Medhat Ramadan told Al Borsa. The project will be completed within 12 months, he added. The company is also building two other transformer stations in Tanta and Sharkia at a total cost of EGP 160 mn, said Ramadan.