The Egyptian Electricity Transmission Company (EETC) signed a purchase and installation contract for EGP 295 mn-worth of industrial power cables with Elsewedy Electric subsidiary EgyTech Cables, EETC's newly appointed chairman Sabah Mashaly said. The cables will be used to connect two substations in East Cairo. The state-owned company also signed a separate EGP 22 mn agreement with an Energya Power and Telecom Solutions-Energya Cables-Elsewedy-Giza Cables ElSewedy consortium for a connection project in Sharm El Sheikh.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
FRA and EGX eye law change to let LLCs and partnerships set up investment funds
Regulators want to keep Egyptian money from setting up funds…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…