The Egyptian Electricity Transmission Company (EETC) will reportedly reissue the global tender for the power interconnection project with Sudan in August, in hopes of attracting better financial and technical offers, company sources tell Al Mal. The EETC — which had issued the same tender once before but failed to generate enough interest — only received three offers for the project in the most recent bidding round from Elsewedy Electric, Orascom Construction, and India’s Larsen & Toubro, according to the sources. The Indian offer was the best, but the EETC found that the company lacks the experience necessary to take on the USD 60-70 mn project, they added. Sources said last month that Larsen & Toubro had won the contract and was to set sign final agreements in September. They had noted then as well that Sweden’s NCC was among the potential suitors.

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