Elsewedy Electric to invest USD 38.8 million, building a high voltage substation in Kasumbalesa | DRC
Egyptian electricity giant Elsewedy Electric will build a 220-15 / 6.6 kV substation in Kasumbalesa city, Haut-Katanga province, for an investment cost of USD 38.8 million, reports Agence Ecofin which delivered this information.
The construction of this infrastructure will last 18 months and is intended to improve the country’s trade with its neighbors in southern Africa, mainly Zambia, while promoting the economic development of the city and its surroundings.
This project results from a contract signed between Elsewedy Electric and the National Electricity Company (SNEL). Its completion will allow better management of electricity transfers between the DRC and the Southern Africa Power Pool, reports the same source.
Specializing in the electrical industry and the development of renewable energies, Elsewedy Electric operates in five diversified energy sectors: cables and accessories; electrical products; energy measurement and management; transformers; engineering and construction.
Established in 1938 by the eponymous family – and formerly named Elsewedy Cables, Elsewedy Electric has 15,000 employees and 25 production sites. It is present in 14 countries, mainly in the Middle East and Africa.
