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In a ceremony held in Egyptian Electricity Transmission Company (EETC) last Thursday, April 16, 2015, ELSEWEDY PSP Chief Executive Officer, Dr. Mostafa Amin and his counterpart from Hyosung have signed with EETC Chairman Eng. Ahmed Hanafy, Suez Gulf 500/220/22 kV GIS Substation Project Contract worth EGP 244,000,000 Million, funded by the European Investment Bank.
The scope of works includes, but is not limited to engineering, design, fabrication, factory testing, site delivery, civil works, erection, testing & commissioning, till provisional acceptance & warranty of equipment including civil works & erection of Suez Gulf 500/220/22 kV GIS Substation
"We are pleased to partner with our client, EETC to continue our legacy of delivering complex projects in the Middle East, this new contract further demonstrates PSP's strong position in the HV projects development and our ability to deliver world-class work across the region." said Dr. Mostafa Amin, ELSEWEDY PSP Chief Executive Officer, during the signature ceremony.
ELSEWEDY PSP is fully committed to participate in projects that will serve to facilitate the country's growth; Employing such a strategy, expansion will not only be demonstrated within our Egypt, but also on an increasingly multinational scale. ELSEWEDY PSP strives to take on new opportunities that will further establish its status as one of Middle East North Africa primary EPC contractors.
About ELSEWEDY Power System Projects
ELSEWEDY Power System Projects - PSP - one of the emerging EPC Contractors with a vast experience in the business of Power Generation and EHV/ HV Substation Projects.
A Leading Engineering, Procurement and Construction (EPC) firm; founded in 2003 to serve the Power and Energy sector, with a diversified profile, providing services that range from conceptual design, supply; construction up to facility start-up and operation.
ELSEWEDY PSP expertise and technical capabilities in the electrical & mechanical scope in addition to the automation & control of power plants and substations, qualified it to become an attractive partner for success and a potential pool of investment.
In 2007, ELSEWEDY PSP had been acquired by ELSEWEDY ELECTRIC Group (www.elsewedyelectric.com) in a complementing deal to equip the major electrical competences to enable ELSEWEDY PSP to enjoy huge financial capabilities and wide markets coverage and becomes the turnkey arm of ELSEWEDY ELECTRIC.
Being member of one of the biggest Energy Solution Providers within the region- ELSEWEDY ELECTRIC- ELSEWEDY PSP enjoys the global presence of ELSEWEDY in accessing different markets,; leverages on its strong financial capabilities with an approx. annual turnover of USD 3.2 Billion and enjoy being an integrator with easy access for all ELSEWEDY products (e.g.: Cables, Insulators, Fittings, Power Transformers, Steel towers.....etc. and the services of its sister companies with the best quality and in a timely efficient manner.
ELSEWEDY PSP is enforcing its presence and strength in the local and international markets; gained solid credibility by conducting strategic alliances with global energy leaders, for delivering high quality projects that meet market standards and requirements and exceed expectations.
Nowadays, ELSEWEDY PSP has gained an enviable reputation for reliability and excellence - a reputation which encouraged management to undertake an ambitious and rewarding growth strategy, culminating in the emergence of EPC as a fully diversified national Contractor operating globally.
© Press Release 2015
