Cairo – Mubasher: Egytech Cables, a 99.98%-owned subsidiary of Elsewedy Electric Company, has signed a KWD 8.49 million (EGP 440 million) contract with Kuwait's Public Authority for Housing Welfare to help in transmitting power to El Mutlaa Residential City.
Under an 18-month contract on a turnkey basis, Egytech Cables will design, supply, and install all works related to 132 kV ground cables, according to a bourse filing on Sunday.
The ground cables supply the main substations 132/11 kv. of (N3&N4) regions for El Mutlaa Residential city.
