The Egyptian Electricity Transmission Company (EETC) is reportedly relaunching a tender for its power interconnection project with Sudan today after it failed to attract sufficient offers in the first round, an unnamed company source tells Al Mal. One of the two bidders in the first tender failed to provide the EETC with its financial guarantee. The EETC had invited as many as eight local and global players to participate in the tender for the project, including ABB, General Electric, Elsewedy, Schneider, Siemens, and State Grid Corporation of China. Egypt and Sudan were expected to ink the contracts for the USD 60-70 mn project “sometime soon,” Electricity Holding Company boss Gaber El Dessouky had told us last month. Earlier guesses in the local press had put the project’s cost at USD 500 mn. The holding company said it would not seek external financing.

Tags: