Back to the complete issue
Monday, 4 June 2018

EETC to relaunch tender for Sudan power interconnection project after first round falters

The Egyptian Electricity Transmission Company (EETC) is reportedly relaunching a tender for its power interconnection project with Sudan today after it failed to attract sufficient offers in the first round, an unnamed company source tells Al Mal. One of the two bidders in the first tender failed to provide the EETC with its financial guarantee. The EETC had invited as many as eight local and global players to participate in the tender for the project, including ABB, General Electric, Elsewedy, Schneider, Siemens, and State Grid Corporation of China. Egypt and Sudan were expected to ink the contracts for the USD 60-70 mn project “sometime soon,” Electricity Holding Company boss Gaber El Dessouky had told us last month. Earlier guesses in the local press had put the project’s cost at USD 500 mn. The holding company said it would not seek external financing.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.