Back to the complete issue
Tuesday, 10 July 2018

EETC to issue global tender for Sudan interconnection project for a third time in August

The Egyptian Electricity Transmission Company (EETC) will reportedly reissue the global tender for the power interconnection project with Sudan in August, in hopes of attracting better financial and technical offers, company sources tell Al Mal. The EETC — which had issued the same tender once before but failed to generate enough interest — only received three offers for the project in the most recent bidding round from Elsewedy Electric, Orascom Construction, and India’s Larsen & Toubro, according to the sources. The Indian offer was the best, but the EETC found that the company lacks the experience necessary to take on the USD 60-70 mn project, they added. Sources said last month that Larsen & Toubro had won the contract and was to set sign final agreements in September. They had noted then as well that Sweden’s NCC was among the potential suitors.

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.