Cairo – Mubasher: The Egyptian Electricity Transmission Company (EETC) on Tuesday signed an EGP 544 million agreement with a consortium that includes HYOSUNG and ZTPC to establish an electricity transformers plant in Kafr El Sheikh during the coming period.
The facility’s establishment will be financed through EETC's self-financing resources, the firm's chairman Sabah Mashaly said, according to the Middle East News Agency (MENA).
The plant will be finished within 12 months after obtaining the necessary regulatory approvals, Mashaly concluded.
