The Elsewedy Electric Group has signed a new contract to construct an electrical transformer station in Sadat City, Menoufiya governorate, worth a total of EGP 355.5m in investments.
In a disclosure statement to the Egyptian Exchange (EGX), the company said that the contract was signed by its subsidiary Elsewedy Electric for Trade and Distribution on 1 September. It added that the contract stipulates that Elsewedy will establish an electrical transformer station in Sadat City expansions under the turnkey system.
The project is scheduled for delivery within 14 months from the date of signing the contract, according to the disclosure.
