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Elsewedy Electric, NCC win Upper Egypt electricity tender

Elsewedy Electric and the National Contracting Company (NCC) won a tender to implement three electricity lines in Upper Egypt extending from Samalout to Naga Hammadi at a cost of EGP 4.187bn. A source at the Ministry of Electricity told Daily News Egypt that the companies presented the best financial bids. Elsewedy Electric is set to …

Mohamed Farag

The illusion of subsidising—Part II

I have many friends who once belonged to the middle class. They did not need state subsidies because they were able to live and afford education, healthcare, transportation, etc. for their children. However, the government’s decisions came against the wish of the people. Those friends turned from belonging to a “saving” class into classes that …

Emad El-Sayed

Siemens to add 800 MW of electricity to national grid within 10 days

German company Siemens is set to add 800 MW of electricity to the national grid through the Borollos and New Administrative Capital power plants within 10 days. A source at the Egyptian Electricity Holding Company (EEHC) said that Siemens is running the tests for the production units of the New Administrative Capital plant to produce …

Mohamed Farag