Egyptian Electricity Transmission Company (EETC) plans to contract with French company Alstom for the installation and supply of five transformer stations with capacities ranging from 220kV to 500kV, at a total value of $227m, a senior official at the Ministry of Electricity and Renewable Energy told Daily News Egypt.
The contract is expected to be signed within days, and the installation will be completed over the course of six months. According to the preliminary contract, one station will installed at a capacity of 500 kV during two months under the emergency power plan.
The ministerial economic group also agreed to allow the EETC to complete its contract with Elsewedy Cables to carry out 358 km-long 500 kV voltage lines.
This comes amid the ministry’s preparations for the implementation of the projects included in the urgent plan to strengthen the electricity network to meet the energy requirements in the summer. The estimated investment budget of the EETC during the fiscal year (FY) 2015/2016 is approximately EGP 2.75b, while the investments required for implementation of projects related to the electricity network is approximately EGP 13.3b.