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Monday, 20 November 2017

El Sewedy Electric in talks to build six wind-powered electrical stations

El Sewedy Electric in talks to build six wind power stations: El Sewedy Electric is in talks with French utility company EDF to co-establish a service center for electrical power stations, CEO Ahmed El Sewedy tells Al Mal. The company is also in talks with Egypt’s Electricity Ministry to acquire land on a right-to-use-basis for 25 years to build six wind-powered stations with a combined capacity of 100 MW under an IPP framework. El Sewedy and EDF are part of a consortium bidding for the management and maintenance contract for the three Siemens combined-cycle power plant at the new capital, Burullus and Beni Suef, which should take place next month. Siemens, Germany’s STEAG GmbH, an Orascom-ADERA Energy consortium are among the other suitors. El Sewedy is also gearing up to start an ambitious expansion plan that sees it establishing three new industrial zones in Egypt and six logistical warehouses in different African countries over the next five years.

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