Al Babtain Power’s unit pens $52 M deals
Egypt: Egypt-based Al Babtain Power and Telecommunication Company – Egypt, signed a contract valued at $24 M with Elsewedy Electric T&D.
Image source: Mubasher
Egypt: Egypt-based Al Babtain Power and Telecommunication Company – Egypt, signed a contract valued at $24 M with Elsewedy Electric T&D.
The 12-month deal aims to supply 400 kV galvanised steel towers for three transmission line projects in Morocco, according to a statement.
The financial impact of this order is forecast to reflect positively during the second quarter (Q2) of 2023.
In a separate filing, Tadawul-listed Al-Babtain Power said the Egypt subsidiary further inked a $28 M contract with Giza Cable Industries Company.
Under the 12-month deal, the unit will supply 500 kV galvanised steel towers for the electrical interconnection project between Egypt and Saudi Arabia.
The positive financial impact of this deal is expected to reflect in Q3 2023.
Source: Mubasher
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