The Egyptian Electricity Transmission Company (EETC) has signed three contracts for the implementation of 500 kV Benban 3-Toshka 2 transmission line, according to the local press. The first contract signed was with a High Dam Electrical & Industrial Projects Co / Giza Systems consortium for EGP 118.8 mn. EETC also signed a EGP 1.1 bn contract with Elsewedy Electric for two other parts of the line, while a third contract was signed with Misr For Mechanical & Electrical Projects (Kahromika) worth EGP 493.6 mn.
More from Enterprise
AI in Egyptian banking is “in its infancy,” and the pause is deliberate
Bankers say the rules aren’t written yet. Data center builders…
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
EFG has three more IPOs lined up before year-end, including one hefty offering
Group CEO Karim Awad credits the central bank’s decision to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…