Twenty-six national and international companies have submitted their offers for the transformer, electrical work, civil work, and reservoir tenders at the Assiut Al-Walideya power plant. The final decision on the four tenders will be made within three months, reported Daily News Egypt.

According to the Chairperson of the Upper Egypt Electricity Production Company (UEEPC), Ibrahim Al-Shahat, six companies have presented offers for the electricity transformers tender. The transformers tender includes designing, manufacturing, supplying, supervising, and testing the main electricity transformers.

As for the electrical works tender, eleven companies, including Alfanar, ABB, the Egyptian German Electrical Manufacturing Co. (Egemac), Uni Trade CO., the Arab Engineering & Distribution Company (AEDCCO), and Acordion, submitted their formal offers to win the bid.

The source also added that seven companies, including Hassan Allam, CSE, Orascom, Petroget, Tecne, and Acordion, have also submitted their offers for the civil works tender. While Petroget, the Arab Renewable Energy Commission (AREC), and Port Said Engineering, have submitted their offers for the reservoirs tender.

The total cost of this project is approximately EGP 5b, its funding will be secured through loans issued by the international funding authorities. 23% of the whole project’s expenses is financed by the UEEPC’s autonomous resources. Other significant sponsors include: The Arab Fund for Economic and Social Development, the Kuwaiti Fund for Arab Economic Development, the Islamic Development Bank, and the OPEC Fund for Development.