Power System Projects (PSP), the turnkey arm of ELSEWEDY ELECTRIC, in a competitive consortium with reputable Korean manufacturer Hyosung, has secured the contract for the new Suez Gulf 500/220/22 kV GIS substation - a project worth US$31 million.?
PSP has won the trust of the Egyptian Electricity Transmission Company after having secured its second project in a row, following the award of the Manshiat Nasser 220/66/11 kV GIS substation contract a month ago. Indeed, the execution over the last few years of multiple substations for heavy power consumers has qualified PSP to prosper this year in the execution of High Voltage projects across the region. Such projects in progress include Al Diwaneya 400 kV GIS substation; intended to evacuate the power generated from Diwaneya 500 MW Power Plant, in which PSP is contributing in its EPC execution. The company is bidding for another four 400/132kV projects in Iraq, expected to be awarded within this year.
Power System Projects(PSP) is aggressively expanding into the power and energy markets of the Middle East and Africa, via involvement in power generation and HV substation projects. A series of recent contracts lifted PSP's turnover by an impressive 30 per cent in 2012, compared to 2011 figures.
PSP was awarded an EPC sub-contract for the entire electrical and mechanical scope of work at Diwaneya 500 MW Gas Turbine Power Plant. Part of Iraq's fast track plan, the project will be completed in early 2015. PSP's scope of work on the project includes the provision of engineering, procurement, construction, commissioning, project management and technical support services for 4x125 MW Fr.9E GE Gas turbines.
The leading consortium of PSP/PintschBamag has also been exploring the transportation sector as a new business segment. PSP signed a contract with Egyptian National Railways to supply and install all components for the protection and operation of 50 level crossings, alongside all necessary civil works.
PSP announced the commencement of its first project with SEC as a sub-contractor for the installation, testing and commissioning of the electrical and instrumentation works in the PP12 2320 MW Project Combined Cycle Power Project in Saudi Arabia.
Given PSP's expertise and past project experience, success will surely continue to flourish for this innovative company, with the best yet to come.
-Ends-
Press Release 2014
