Egypt’s Elsewedy Electric agrees EPC deal to build $38.6mn energy project in DR Congo
Elsewedy Electric set to build 220-15/6.6kV high voltage distribution substation in the city of Kasumbalesa
Elsewedy Electric, an integrated energy and infrastructure solutions provider operating in the Middle East and Africa, has announced that one of its units has inked a deal with the Societe Nationale D Electricite (SNEL) to build a 220-15/6.6 kV high voltage distribution substation in the city of Kasumbalesa in DR Congo.
In a statement, the company said that the agreement was signed through its subsidiary Elsewedy Electric for Transmission and Distribution of Energy on August 6, 2020.
The project will be developed in the province of Haut-Katanga at an investment of $38.6 million, it added.
Elsewedy Electric’s scope of work will include engineering, procurement, and construction (EPC) for the entire project on a turnkey basis. It is scheduled to be completed within 18 months from the project’s commencement date.
Once completed, the project will enable the efficient management of the flow of energy exchanged between the electricity grid of Southern Africa (SAPP) and that of the DRC; improve energy exchanges and the measurement of this energy exchanged between the DRC and Zambia; in addition to increasing the rate of electricity supply to the province and the country and also promoting the socio-economic development of Kasumbalesa and its surroundings.
As a major provider of integrated energy solutions in Africa and the Middle East, Elsewedy Electric is a significant contributor to economic growth in Egypt. It’s portfolio incorporates both traditional and renewable energy areas, along with related services.
It is also one of the largest worldwide manufacturers of cables and meters, especially smart meters and transformers, insulators, and other electrical products.
With a wealth of local experience and a 15,000-strong global workforce, Elsewedy Electric generated revenue worth $2.9 billion and net income of $249 million in the fiscal year 2019, which ended on December 31.
