Elsewedy Electric signs power transmission agreement worth EGP1.7bn with EETC
Elsewedy Electric [SWDY.CA] signed an agreement worth EGP1.7bn with the Egyptian Electricity Transmission Company (EETC) to set up an electricity transmission line from the Benban solar power park. According to EETC’s head, Sabah Mashaly, the project is expected to be completed in six months. (Al Mal)
Elsewedy Electric: EGP16.11 as of 3 Apr. 2019, Rating: Buy, TP: EGP23.00/share, MCap: USD2,036mn, SWDY EY/SWDY.CA
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