EETC inks transformer station and power purchase contracts

The Egyptian Electricity Transmission Company (EETC) signed a EGP 200 mn contract yesterday with a consortium of Chinese companies to set up the Al Naha transformer station in Cairo, company head Sabah Mashaly said. The consortium comprises China Energy Engineering Group Zhejiang Thermal Power Construction, Tebian Electric Apparatus (TBEA), and Hyosung Heavy Industries.

Separately, EETC has signed a power purchase agreement for Acwa Power’s Kom Ombo solar plant at USD 0.0248 per KwH, according to a cabinet statement. This is lower than the USD 0.0275 per KwH price originally targeted by the Saudi company when it submitted its tender for the plant earlier this year.