{"id":600198,"date":"2019-01-22T04:13:24","date_gmt":"2019-01-22T04:13:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/elsewedy-electric-plans-to-get-into-desalination\/"},"modified":"2019-01-22T04:13:24","modified_gmt":"2019-01-22T04:13:24","slug":"elsewedy-electric-plans-to-get-into-desalination","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/elsewedy-electric-plans-to-get-into-desalination\/","title":{"rendered":"Elsewedy Electric plans to get into desalination"},"content":{"rendered":"

Elsewedy Electric plans to get into desalination:<\/b> Elsewedy Electricity has plans to begin developing desalination plants in Egypt, CEO Ahmed Elsewedy reportedly said, according to local sources<\/a>. The company has already lined up investments to get into the sector, and is looking to get in on one or two projects, he noted. The story did not note any further details on the specifics of the project. The company had said in its latest earnings release (pdf)<\/a> that it is seeking to expand having secured turnkey backlog for the next two and half years. The firm\u2019s backlog as of September 2018 was EGP 35.6 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"

Elsewedy Electric plans to get into desalination: Elsewedy Electricity has plans to begin developing desalination plants in Egypt, CEO Ahmed Elsewedy reportedly said, according to local sources. The company has already lined up investments to get into the sector, and is looking to get in on one or two projects, he noted. The story did […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[11342,152,72,7111,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600198","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-ahmed-elsewedy","tag-elsewedy-electric","tag-enterpriseam","tag-infrastructure","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"1e2989bf-ff99-4e39-80c5-1ec38f2b9d35","is_powered_by":true,"section_story_id":"bc9979fd-e0a7-464a-b882-af3347802b55","story_type":"1","photo_url":"","photo_position":"above","related_issue":[600188],"teaser":"","voice_url":""},"yoast_head":"\nElsewedy Electric plans to get into desalination - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/elsewedy-electric-plans-to-get-into-desalination\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elsewedy Electric plans to get into desalination\" \/>\n<meta property=\"og:description\" content=\"Elsewedy Electric plans to get into desalination: Elsewedy Electricity has plans to begin developing desalination plants in Egypt, CEO Ahmed Elsewedy reportedly said, according to local sources. 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Revenues inched up 2% y-o-y to EGP\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621906,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/21\/earnings-watch-elsewedy-electrics-net-profit-and-revenues-fall-in-3q2018\/","url_meta":{"origin":600198,"position":1},"title":"Earnings watch: Elsewedy Electric\u2019s net profit and revenues fall in 3Q2018","author":"enterpriseam admin","date":"21 November 2018","format":false,"excerpt":"EARNINGS WATCH- Elsewedy Electric\u2019s consolidated net profit fell to EGP 1.16 bn in 3Q2018 from EGP 1.58 bn during the same quarter last year, the company said in its earnings release (pdf). The company\u2019s consolidated revenues for the quarter also fell to EGP 10.21 bn from EGP 11.46 bn the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569377,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/23\/earnings-watch-elsewedy-electric-reports-19-4-drop-in-net-profits-after-minority-interest\/","url_meta":{"origin":600198,"position":2},"title":"Earnings watch: Elsewedy Electric reports 19.4% drop in net profits after minority interest","author":"enterpriseam admin","date":"23 February 2020","format":false,"excerpt":"EARNINGS WATCH- Elsewedy Electric\u2019s net profit after minority interest dropped 19.4% y-o-y to EGP 4.02 bn in 2019, down from EGP 4.99 bn in 2018, the company said in its earnings release (pdf). Revenues during the year rose 9.7% y-o-y to EGP 46.63 bn, which the company says was driven\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602570,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/01\/elsewedy-mitsubishi-consortium-wins-usd-550-mn-epc-contract-for-sharjah-power-plant\/","url_meta":{"origin":600198,"position":3},"title":"Elsewedy-Mitsubishi consortium wins USD 550 mn EPC contract for Sharjah power plant","author":"enterpriseam admin","date":"1 April 2019","format":false,"excerpt":"Elsewedy-Mitsubishi consortium awarded USD 550 mn EPC contract for Sharjah power plant: A consortium of Elsewedy Electric and Mitsubishi Hitachi Power Systems has won a USD 550 mn engineering, procurement, and construction (EPC) contract for Al Layyah combined cycle power plant in the UAE\u2019s Sharjah, Elsewedy said in a press\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630791,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/earnings-watch-elsewedy-electric-reports-2017-results\/","url_meta":{"origin":600198,"position":4},"title":"Earnings Watch: Elsewedy Electric reports 2017 results","author":"enterpriseam admin","date":"1 March 2018","format":false,"excerpt":"EARNINGS WATCH- Elsewedy Electric reported a 65% y-o-y growth in net profit after minority interest to EGP 6.368 bn in 2017, up from EGP 3.85 bn in 2016, according to the company\u2019s earnings release (pdf). Revenues also increased 74% y-o-y to EGP 42.91 bn, driven largely by growth in the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":644814,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/correction-18\/","url_meta":{"origin":600198,"position":5},"title":"Correction","author":"enterpriseam admin","date":"4 July 2017","format":false,"excerpt":"CORRECTION - In yesterday\u2019s issue we had mistakenly referred to Mohamed Elsewedy as the CEO of Elsewedy Electric in our Talk Shows segment. The President and CEO of Elsewedy Electric is Ahmed Elsewedy. 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