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Egypt-Kuwait Holding, listed on the Boursa Kuwait and Egyptian Exchange, announced that its subsidiary, National Electric Technology Co, has begun construction of a power plant in Borg El Arab, with an investment of about 550 million Egyptian pounds
.
EKH added in its filing to the Egyptian Exchange that the project aims to increase the national power company's electricity capacity from 75 MW to 115 MW
.
According to the document, the company expects to complete these expansions
in the first quarter of 2020.
Likewise, the company pointed out that the project will be implemented after the completion of the first phase of the Borg El Arab power plant, with an investment of approximately R$460 million
.
EKH said last time that one of its subsidiaries would build a press timber production plant with an investment of 2 billion Egyptian pounds
.
The plant will be built in two phases: the first will cost 1.
1 billion Egyptian pounds (about $61.
4 million), while the second will cost 900 million Egyptian pounds (about $50.
2 million) investment
.
The project will be established in Beni Suef's Upper Egypt Province and will begin construction in the first half of 2020 to begin trial operation of up to 150,000 cubic meters
.
Externally, EKH did not disclose the name
of the implementation of the project.
:/, please indicate the source for reprinting)
Egypt-Kuwait Holding, listed on the Boursa Kuwait and Egyptian Exchange, announced that its subsidiary, National Electric Technology Co, has begun construction of a power plant in Borg El Arab, with an investment of about 550 million Egyptian pounds
.
EKH added in its filing to the Egyptian Exchange that the project aims to increase the national power company's electricity capacity from 75 MW to 115 MW
.
According to the document, the company expects to complete these expansions
in the first quarter of 2020.
Likewise, the company pointed out that the project will be implemented after the completion of the first phase of the Borg El Arab power plant, with an investment of approximately R$460 million
.
EKH said last time that one of its subsidiaries would build a press timber production plant with an investment of 2 billion Egyptian pounds
.
The plant will be built in two phases: the first will cost 1.
1 billion Egyptian pounds (about $61.
4 million), while the second will cost 900 million Egyptian pounds (about $50.
2 million) investment
.
The project will be established in Beni Suef's Upper Egypt Province and will begin construction in the first half of 2020 to begin trial operation of up to 150,000 cubic meters
.
Externally, EKH did not disclose the name
of the implementation of the project.
:/, please indicate the source for reprinting)
/
