Elsewedy Electric to build high voltage substation in DRC

first_imgEskom introduces the 282km 400kV transmission line project. CEO Ahmed El Sewedy noted in the company’s quarter one 2020 earnings release that this rapid growth justified the company’s significant investment in developing this part of its business model. Elsewedy Electric for Transmission and Distribution of Energy signed the contract to the value of $38.8 million with the Societe Nationale de Electricite (SNEL) on 6 August, it said in a statement. The substation will be built in the city of Kasumbalesa in the province of Haute-Katanga with the express purpose of: The DRC has one of the lowest rates of electrification in the world at 9% overall, with access rates of 1% in rural areas and 19% in urban areas according to USAID 2018 statistics. BRICS Egyptian electric company Elsewedy Electric has contracted to build a 220-15/6.6kV high voltage distribution substation in the Democratic Republic of Congo. Elsewedy Electric will handle the engineering, procurement and construction of the project on a turnkey basis. The project is envisaged to be completed within 18 months of the commencement date. Read more:Tanzania Rufiji Dam: Elsewedy Electric expands its footprint in AfricaSustainSolar partnership to deliver containerised solar mini-grid in DRCDRC welcomes GE infrastructure agreement to accelerate energy access Like all business in Egypt, its performance is highly correlated to the performance of Egypt’s broader economy. Enabling the efficient management of the flow of energy between the electricity grid of the Southern African Power Pool and the DRC;Improving energy exchanges and the measurement of this energy exchange between the DRC and Zambia;Promoting the socio-economic development of Kasumbalesa and its surroundings. Generationcenter_img A leading integrated energy solution provider in the Middle East and Africa, Elsewedy Electric earlier this year reported a 4% decrease in year-on-year revenue for its first-quarter earnings of 2020. RELATED ARTICLESMORE FROM AUTHOR “The segment has already gotten off to a strong start, with promising performance at Elsewedy solar PV and wind energy projects during this period. We also continue to explore opportunities for mergers and acquisitions that further burnish the company’s value proposition and enhance its ability to operate competitively in unforeseen circumstances,” said El Sewedy. Sign up for the ESI Africa newsletter Finance and Policy TAGSDRCElsewedy Electricenergy accessEPCSAPPsubstation Previous articleMozambique: EDM to review transmission integration studyNext articleTailored training for Ugandan financial institutions and SMEs Theresa SmithTheresa Smith is a conference producer for Clarion Events Africa. AFD and Eskom commit to a competitive electricity sector Low carbon, solar future could increase jobs in the future – SAPVIA However, the company did see a growth of 54.2% year-on-year in its turnkey projects business segment. UNDP China, CCIEE launch report to facilitate low-carbon developmentlast_img read more

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