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Saturday, 19 May 2018

Egypt Offers Legal Tender to Implement Electricity Link with Sudan within Days

(Daily News Egypt) The Egyptian Electricity Transmission Company (EETC) is launching a legal tender on the Arab and international companies to implement the lines and transformers substation for the electricity interconnection project with Sudan within days.
Sources told Daily News Egypt that 10 companies will be invited to participate in the legal tender and submit their bids, including ABB, General Electric, Siemens, State Grid, Schneider Electric, and El-Sewedy.
The sources pointed out that the Technical Committee formed by the Ministry of Electricity has identified the planned capacity to be between 250 and 300 MW and the point of landing of cables in Egyptian territory in coordination with the armed forces.
The sources revealed the continuation of negotiations with the banks to finance the Egyptian tranche in the project, with an estimated cost of $500m.
The entities being negotiated with include the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), BNP Paribas and the African Development Bank and the Kuwait Fund for Economic Development.
The sources pointed out that the political leadership played a major role in activating the electricity linkage project with the Sudan, which highlights the strength of relations between the two countries, and provide electric feed and sustainability.