EGEMAC to build four power transformer stations for EGP 900 mn

EGEMAC will construct four power transformer stations at a total cost of EGP 900 mn, EGEMAC President Medhat Ramadan tells Al Borsa. The company reached an agreement with the New Urban Communities Authority to construct two stations worth a combined EGP 300 mn in New Cairo, and will ink the final contract for the project once it is officially awarded the tender. EGEMAC also won a separate tender for two EGP 600 mn stations in Sadat City, which it expects to complete by next year.