EEHC, Elsewedy to sign EGP 3.6bn contract for electricity transmission lines within 1 week.
The Egyptian Electricity Holding Company (EEHC) agreed with Elsewedy Electric (SWDY) to establish a 500 kV electricity transmission lines at a cost of EGP 3.6bn to connect Borg El Arab with Marsa Matrouh with a total length of 255 kilometres.
Sources at the EEHC told Daily News Egypt that the proposed project will link the energy produced from the Dabaa Nuclear Power Plant with the national grid and support the electrical connection between Egypt and Libya.
The sources added that the EEHC and Elsewedy will sign the project's contract within a week, adding that both sides agreed to repay the loan allocated for financing the project over three years, while they are still negotiating with the financing banks' representatives over the interest rate of the loan.
Elsewedy is expected to complete the implementation of the electricity transmission lines within six months, in accordance with the agreement reached with the EEHC.
On the other hand, the sources said that Egypt's new parallel electricity grid will be completed soon. The parallel grid will connect Beni Suef with Aswan's High Dam at a cost of EGP 5.5bn.
The implementation rate of the Beni Suef -- Assiut electricity lines, which include 503 pylons, reached 96%. These lines are implemented by State Grid Corporation of China. Meanwhile, the implementation rate of the Assiut -- Akhmim electricity lines, which include 471 pylons, reached 27%. These lines are implemented by Elsewedy Electric.
The sources added that the implementation rates of the Akhmim -- eastern Qena lines, which include 467 pylons, reached 33%. This stage is also implemented by Elsewedy Electric.
Also, 56% of the eastern Qena -- High Dam lines, which include 182 pylons, has been completed. They are implemented by Saudi Arabia's National Contracting Company Limited (NCC).
The sources pointed out that the new electricity grid, located east of the Nile, will be parallel to the main national grid that is west of the Nile.
The new network will transfer the energy generated for new electricity projects in the Red Sea and Nile Valley areas, including Beni Suef, southern Helwan and a number of coal-fired power plants in Safaga, Hamrawein, and Quseir.
[c] 2018 Daily News Egypt. Provided by SyndiGate Media Inc. ( Syndigate.info ).
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|Publication:||Daily News Egypt (Egypt)|
|Date:||Mar 4, 2018|
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