General Electric wins energy control center contract in Egypt

The American conglomerate won with an $52.5mln bid

  
Image used for illustrative purpose. Electricity pylons are seen in London, Britain August 1, 2017.

Image used for illustrative purpose. Electricity pylons are seen in London, Britain August 1, 2017.

REUTERS/Neil Hall

ArabFinance: General Electric was awarded a contract by the Egyptian Electricity Transmission Company to establish a regional power control center in Dakahlia, Al Mal news website reported on October 21st.

The American conglomerate won with an EGP 825 million bid, undercutting an EGP 862 million offer submitted by ABB and ElSewedy Electric.

The project will be financed through a EUR 50 million (EGP 932.15 million) loan provided by the French Development Agency.

In 2019, Schneider Electric and General Electric were awarded contracts to build four power transmission control centers.

Copyright © 2020 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Energy