Western Delta Electricity Company signs L.E. 89 million contract with Ukrainian - Austrian consortium

Egypt' sMinister of Electricity Hassan Younis witnessed yesterday the signing ceremony of a contract worth L.E. 89 million between the Western Delta Electricity Company and a consortium of Ukrainian and Austrian companies.

Under the contract, the Egyptian company will obtain the electric transformers required for the under construction Nubarya power generation due to produce 1500 megawatt.

The Minister said the total project's cost amounted to about L.E. 3600 million with a financial contribution in the form of soft loans from the Arab funds and the European Investment Bank.

On his part, Chairman of the Company Samir Za'zou said the contract term is 14 months and the transformers capacity reach 500 kilovolt.

He added that the contract provides process of manufacturing, delivery, transport, installation, testing and operating.