Cairo – Mubasher: Elsewedy Electric Co announced that its 99.8%-owned subsidiary Elsewedy Electric for Transmission & Distribution of Energy signed an engineering, procurement, and construction (EPC) agreement worth $16.7 million to build a substation for the Electricity Company of Ghana.

The contract includes designing, supplying, and installing a 33/11 kilovolt (kV) substation over a 24-month period on a turnkey basis, the company said in a bourse disclosure on Sunday.

In the first half (H1) of 2021, Elsewedy Electric Co reported consolidated net profits of EGP 1.74 billion, compared to EGP 1.025 billion in H1-20, including minority shareholders' rights.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 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.