Siemens Energy with Egyptian Electricity Transmission Co in a EGP37m deal
Siemens Energy and Egyptian Electricity Transmission Company have entered into a long-term partnership for the expansion of Suez transformer station. The project cost is approximately EGP 37 million (EUR 1.87 million) + EUR 6 million as a discount on the credits of the projects of ultra-high voltage transformer stations in the Canal Electricity District.
The project aims to increase the capacity of the Suez Station to feed the Suez Steel Company transformer station.
Siemens Energy legal team was led by senior legal counsels Ekaterina Budak (Dubai, pictured left) and Sarah Elmatarawy (Egypt, pictured right).