An Elsewedy Electric subsidiary, ABB Switzerland, and ABB Arab have signed a EGP 138 mn contract to develop a transmission control center for Suez Canal governorates, Elsewedy said in a statement to the bourse (pdf). Elsewedy Electric will own 99.97% of the facility, which will serve 115 power stations across Sharqiya, Ismailia, Suez, Port Said, North and South Sinai and Red Sea governorates.

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