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Sunday, 10 July 2016

26 companies bid for Assiut power plant tenders

Twenty six companies have submitted bids for the Assiut power plant’s four tenders, including transformers, electrical works, civil works, and reservoirs, Daily News Egypt reported. Six applied to the transformers tender, according to Upper Egypt Electricity Production Company Chairman Ibrahim Al Shahat, which includes the three unilateral transformers each with a capacity of 305 MVA. The total cost of the project is around EGP 5 bn, and will be financed through 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.

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