EGMAC was awarded an EGP200m contract to build two transformer stations in Sadat City for the Egyptian Electricity Transmission Company (EETC). The project will be completed in eight months.
The Egyptian company Petrobel has extended a contract for Saipem’s jack-up rig for work offshore in Egypt. The Company extended the contract for the Saipem-owned Perro Negro 4 jack-up drilling rig by two additional years.
There was a surplus in electricity of 4,000 MW. This surplus will not increase after the inauguration of the first phase of the Siemens power plants in Beni Suef, the New Administrative Capital, and Borollos.