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EGEMAC, XD-EGEMAC aim to increase business up to EGP 10bn by end-2018 - Daily News Egypt

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EGEMAC, XD-EGEMAC aim to increase business up to EGP 10bn by end-2018

EGP 450m agreement to establish Benban electrical substation to be concluded within days


The Egyptian German Electrical Manufacturing Company (EGEMAC), and the Egyptian-Chinese XD-EGEMAC alliance, target to increase the value of their business to EGP 10bn by the end of this year.

Medhat Ramadan, chairperson of EGEMAC and XD-EGEMAC, said that the value of the signed contracts until this month amounted to EGP 9bn, including EGP 3bn for EGEMAC and EGP 6bn for XD-EGEMAC. Both companies seek to conclude agreements worth EGP 1bn over the next two months.

He revealed that the companies have started supplying electricity to the electrical substations in Karam El Deib, Manfalout and Juhayna towns in Upper Egypt, noting that another electrical substation will be in operation in west Luxor within a few days.

Ramadan added that more substations will be inaugarated in Ebny Betak (Build Your Home) housing project and Borg El Arab with a voltage of 66/22 KV and 22/6kv, respectively, before the end of December.

He said that the company has almost finished implementing the previously agreed-upon  electrical substations basically set for delivery in the first half (H1) of next year. These substations are based in Bani Mazar, Faris, New Fayoum, Al Motamayez District,

and Nagaa Hamadi town. There are ongoing negotiations to establish another substations in Marsa Matrouh with a voltage of 66/11 KV.

Ramadan added that EGEMAC has won the tender to establish five electrical substations at a total cost of EGP 1.1bn for the New Urban Communities Authority (NUCA).

The five substations include two in New Cairo, one in each of Badr City, North Qena with a voltage of 66 KV, and Obour city with a voltage of 220 KV. All the substations will be completed next year.

EGEMAC produces ring main units (RMUs) and motor control centres (MCCs) to be used in industrial and petroleum sectors as well as electricity generation plants.

The company also produces operation, prevention and control panels for power stations, battery charging units, and voltage transformers from medium to low voltage.

On the other hand, Ramadan revealed that EGEMAC will sign a contract within a few days with the Egyptian Electricity Transmission Company (EETC) to establish an electrical substation in Benban with voltage of 500 KV at a cost of EGP 450m. The substation will be implemented by XD-EGEMAC with the aim of connecting it to the national electricity grid with voltage of 500 KV instead of 220 KV.

“We have started negotiations with the EETC to establish a substation in the West Nile to transfer the energy produced from the to-be-established solar power projects,” he said.

Ramadan added all the plants are ready to be connected with any project through the national electricity grid, according to the purchasing agreement signed with the EETC.

He pointed out that the next month will see testing its first voltage transformer in November inside the XD-EGEMAC factory in Ain Sukhna. The company will then start selling transformers before the end of this year.

He explained that the factory will supply high-quality products at competitive prices in Egypt, the Middle East and Africa, which will help the ministry of electricity to reduce prices of electrical equipment. This will positively impact the Egyptian national grid in the future.

XD-EGEMAC is one of the first companies to install voltage transformers of 220 KV with a capacity of 175 MVA in the Egyptian electricity grid at the Cairo East transformers station and Al Moatamedeya power station.

The company won tenders for the supply of 66-220 kV power transformers, ranging between 40, 125, and 175 MVA, and has experience in the implementation of ultra-high-voltage stations, including transformer stations in the south of Maadi (66-220 kV), Kafr Zayat (66-220kV), Ain Sokhna (500 kV), and Cairo International Airport (66-220 kV).

Ramadan revealed that the company plans to expand in new markets, including Jordan and Ethiopia which will provide foreign currency and increase production.

He said that XD-EGEMAC plans to implement three factories specialized in producing capacitors on the land owned by the company in Ain Sukhna, at a cost of EGP 20m.

Topics: EGEMAC XD-Egemac

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https://dailynewsegypt.com/2018/10/09/egemac-xd-egemac-aim-to-increase-business-up-to-egp-10bn-by-end-2018/
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