Egypt's golf chief Omar Hisham Talaat elected to Arab Golf Federation board    Egypt extends Eni's oil and gas concession in Suez Gulf, Nile Delta to 2040    Egypt, India explore joint investments in gas, mining, petrochemicals    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egyptian pound inches up against dollar in early Thursday trade    Singapore's Destiny Energy to invest $210m in Egypt to produce 100,000 tonnes of green ammonia annually    Egypt's FM discusses Gaza, Libya, Sudan at Turkey's SETA foundation    UN warns of 'systematic atrocities,' deepening humanitarian catastrophe in Sudan    Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Egypt launches 3rd World Conference on Population, Health and Human Development    Cowardly attacks will not weaken Pakistan's resolve to fight terrorism, says FM    Egypt's TMG 9-month profit jumps 70% on record SouthMed sales    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Latvia sign healthcare MoU during PHDC'25    Egypt, India explore cooperation in high-tech pharmaceutical manufacturing, health investments    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Egypt releases 2023 State of Environment Report    Egyptians vote in 1st stage of lower house of parliament elections    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



EEHC provides second portion of EGP 37.4bn loan end of October
Political leadership is a key factor in supporting the electricity sector, says Shaker
Published in Daily News Egypt on 20 - 08 - 2017

The Egyptian Electricity Holding Company (EEHC) has started the procedures to contract on projects to expand and develop electricity transmission across the country. This followed the obtainment of the first portion of the loan, which was signed for with Banque Misr and the National Bank of Egypt (NBE).
Sources at the EEHC said that an agreement was made with the two aforementioned banks to obtain EGP 1.5bn by the end of October—a portion of the loan estimated at EGP 37.4bn—in order to contract on the tasks to be carried out by the company, including the provision of cables, wires, and lines, as well as the paying of the company dues that EEHC contracted with to establish transmitters and develop distribution companies.
The source said that the EEHC and Egyptian Electricity Transmission Co. (EETC) received a total of EGP 1.3bn from the loan and paid the approved payments to the companies contracted to supply smart metres and those that implemented the parallel electric grid.
He also explained that the government contracted with a number of companies to supply transformer stations, kiosks, low- and medium-voltage plates, wires, cables, and lines, noting that other tenders will be offered to complete the supply of the other electrical equipment needed by the EETC and the transmission companies across the republic.
Moreover, the sources said that EETC's plan to expand the network costs EGP 18bn, which includes the cost of expansion and establishment of 15 220/500 kV plants at a cost of EGP 5.5bn and the establishment of 2,000 kilometres of 500 kV lines at a cost of EGP 7.4bn.
The plan also includes the addition of high-voltage transformer substations at a cost of EGP 394m, and the construction of four 66/220 kV stations at a cost of EGP 780m and three 66/220 kV mobile stations at a cost of EGP 87m.
According to the plan, 26 175 MVA transformers will be added at a cost of EGP 414m, next to 26 125 MVA transformers at a cost of EGP 128m and 100 40 MVA transformers at a cost of EGP 400m.
New 66/220 kV cells will be added at a cost of EGP 380m, in addition to the establishment and renovation of 20 lines and cables of 220 kV at a cost of EGP 1.9bn, next to establishing and renovating 15 lines and cables of 66 kV at a cost of EGP 394m.
The sources said that the distribution networks will be developed and expanded in two stages at a cost of EGP 19.4bn. The plan includes the development of transformers, kiosks and medium- and low-voltage switchboards, where 9,152 transformers, 5,455 kiosks, 2,337 medium-voltage panels, 3,555 low-voltage panels, and 2,089 medium-voltage switches will be implemented.
The government will also contract for 400 voltage regulators, 100 automatic reconnectors, and 539 medium-voltage cells.
According to the EEHC, the plan for developing the performance of distributors and controls and emergency equipment includes establishing 99 electricity distributors, 4 emergency equipment, and an excavator.
Minister of Electricity Mohamed Shaker said that the plan is the result of the effective support of the political leadership to develop the electricity sector and help it overcome the challenges it faced during the last period and achieve stability of the national network and cover the gap between production and demand for electricity to eventually turn the deficit into surplus.
He added that the plan is a continuation of the success achieved by the sector by adding 6,882 MW by the end of 2015, of which about 3,632 MW came from the urgent plan, in addition to 3,250 MW by completing the implementation of electricity production projects from the five-year plan stations.


Clic here to read the story from its source.