The Egyptian Electricity Transmission Company (EETC) invited six Egyptian and International companies to build four transformer stations with $250m in investments, reported Al Borsa.
Sources at the Ministry of Electricity and Renewable Energy stated that EETC will fund the projects in order to establish the transformer stations with a capacity of 500kv in the New Administrative Capital, Kafr El Sheikh, Qena, and Zagazig.
The sources added that the invited competing companies include General Electric, Siemens, EGEMAC, Hyundai Power Transformers, Hyosung, and ABB. The companies will present their offers by the end of January 2017.
This came as part of the ministry’s plan to expand Egypt’s electricity national network in order to be able to take in the new capacities added from power plants under construction. Moreover, the Ministry of Electricity allocated EGP 33b for 2017 and 2018 in order to strengthen the electricity grid to take in the energy added from generating plants, as well as new and renewable energy plants.
The ministry’s plan includes supporting the network with around EGP 18b in order to improve power transmission and EGP 15b on developing the distribution network.