El Sewedy (SWDY) subsidiary Egytech Cables has signed two contracts with a total value of Kuwaiti Dinar (KWD) 13.2 million (EGP 686 million) with the Kuwaiti Public Authority for Housing Welfare.
More Details🧐 The turnkey agreement will see Egytech Cables design, supply, install, & maintain a 132 kV ground cable. kV stands for kilovolt, a measure of the potential energy of a unit charge.
The project is expected to be completed within 18-months.
Why is this Important🤔 The project will provide electricity to the Al-Mutlaa residential city, an important project by the Kuwaiti Public Authority for Housing Welfare.
