Elsewedy Electric signed yesterday an EPC contract worth EGP 1.23 bn to construct a 500 KV substation in the new administrative capital, according to a statement to the EGX (pdf). The substation will be delivered by December 2018 on a turnkey basis. Yesterday’s agreement comes one day after a subsidiary of Elsewedy signed a separate EGP 2.12 bn contract with the Egyptian Electricity Transmission Company for the Borg El Arab-Marsa Matrouh power transmission lines.

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