ELSEWEDY ELECTRIC's subsidiary signs $16.7M contract in Ghana
ELSEWEDY ELECTRIC S.A.E. (SWDY) announced Sunday that its subsidiary ELSEWEDY ELECTRIC for Transmission & Distribution of Energy signed a new EPC contract worth $16.7 million.
The company clarified in a filing to the Egyptian Exchange (EGX) that the contract is to build substation for electricity Company of Ghana.
“ElSewedy Electric for Transmission & Distribution of energy scope of work includes the design, supply and installation of the whole project,” it added.
The contract will be implemented over 24-moths period on turnkey basis, according to the company.