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Elsewedy Electric Profits inches down 2.6% y-o-y in 2Q2019
EARNINGS WATCH- Elsewedy Electric’s net profit dropped 2.6% y-o-y in 2Q2019 to EGP 957.8 mn, down from EGP 983.8 mn…
ElSewedy Electric signs EGP 308 mn transmission line contract with Canal Sugar
ElSewedy Electric for Trading and Distribution signed a EGP 308 mn contract to build a transmission line and internal network…
ElSewedy Electric, Scatec Solar begin commercial operations at new Benban solar plants
Elsewedy, Scatec Solar begin commercial operations at new Benban solar plants: ElSewedy Electric has reached full commercial operation at two…
Elsewedy to complete power line in Egypt’s Benban solar complex September
Elsewedy Electric will complete in September a 185 km, 500 kV overhead power line to connect Benban 3, a transformer…
NBG agrees to issue EUR 41.7 mn loan for Elsewedy Electric
The National Bank of Greece has agreed to issue a EUR 41.7 mn loan for Elsewedy Electric, it said in…
Egypt’s Elsewedy secures USD 100 mn loan from BM for Africa expansion plan
Elsewedy Electric has signed a USD 100 mn loan agreement with Banque Misr to finance expansion plans in Africa, sources…
Elsewedy Electric acquires share capital of four Greek renewable energy companies for EUR 55 mn
M&A WATCH- Elsewedy Electric looking to acquire four Greek renewable energy outfits in EUR 55 mn transaction: Elsewedy Electric has…
Egypt to accept tenders for 6 October dry port on 11 July
The Transport Ministry, in cooperation with the Finance Ministry, will begin on 11 July accepting tenders from companies hoping to…
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