• Turnkey for four GIS 400/132/11 kilovolt substations
ELSEWEDY ELECTRIC S.A.E. (EGX: SWDY.CA),
the leading Integrated Energy and Infrastructure Solution Provider in the
Middle East and Africa, with Toyota Tsusho Corporation (TTC)
[i]
,
announces Iraqi Ministry of Electricity (MoE)
completion for the EPC contract of four (4) gas insulated switchgear (GIS)
substations, 400/132/11 kilovolt in Sothern Iraq.
In a ceremony witnessed by officials of the
Government of Iraq today in Basra, His Excellency, Asaad Al-Eidani, the Governor
of Basra with Ziyad Ali Fadel,
the Director of the General Directorate of Electricity Transmission in the
South Region joined the President and CEO of ELSEWEDY ELECTRIC, Ahmed Elsewedy,
and TTC Project Manager, Yasuhiro Hidaka, to officially inaugurate Shat Alarab
substation in Basra as the last substation connected to the Iraqi grid.
The ¥60 billion EPC-plus-Finance contract was
signed on February 2018 under a buyer's credit agreement (export loan) between
the Iraqi Ministry of Finance and The Japan Bank for International Cooperation
(JBIC), with a co-financed portion by
The Bank of Tokyo-Mitsubishi UFJ, Ltd. (lead arranger) and Sumitomo-Mitsui
Banking Corporation under insurance cover by from Japan’s Nippon Export and
Investment Insurance (NEXI).
The Contract included:
1)
Maysan 400/132/11kV GIS substation in "Al-Amara Governorate”;
2)
Al-Muthanna 400/132/11kV GIS substation in "Samawa
Governorate”;
3)
Shattra 400/132/11kV GIS substation in "Al-Nasiriya
Governorate”;
4)
Shatt Al Arab 400/132/11kV GIS substation in "Al-Basra Governorate”;
and
5)
12 x 132/33kV Mobile GIS substations.
All GIS switchgears and high voltage
transformers were manufactured by Toshiba Energy Systems & Solutions
Corporation (Toshiba ESS) and equipment for 132/33kV mobile substations from
Meidensha Corporation. The substations are expected to provide power for a
combined total of approximately 1.3 million households.
ELSEWEDY ELECTRIC, which designed and built the400/132/11kV GIS substations,
qualified its engineers for testing and commissioning of GIS switchgear and
transformers through an intensive training in Toshiba factories in Japan and
India. Despite many challenges,
ELSEWEDY ELECTRIC succeeded in completing each 400/132/11kV GIS substation ahead of the Contract schedule;
approx. six months earlier than original schedule, where Maysan and Al-Muthanna
were energized before Summer of 2020 then Shattra and Shatt Al Arab were
energized before Summer of 2021.
ELSEWEDY ELECTRIC relied along the project on
1,200 Iraqi engineer and technicians supported by 180 Egyptian professionals,
emphasizing on a business model for all its projects in Iraq leveraging on the
Iraqi workforce while providing on-job development and training programmes.
"Completing five major challenging projects to
the esteemed Iraqi Ministry of Electricity in five years while progress is
ongoing in New Babil substation targeting 2022 spring reflects our strong
commitment towards Iraq infrastructure development. Our products also are
supplied to Iraq since 2005 and recently we committed to develop industrial
park starting by factories of ELSEWEDY ELECTRIC serving the Iraqi market with
further targets to export from Iraq to neighboring markets.”, commented Ahmed
Elsewedy, President and CEO of ELSEWEDY ELECTRIC S.A.E.
ELSEWEDY ELECTRIC delivered AL DIWANIYA 500
megawatt power plant to the Iraqi Ministry of Electricity on 2015 as EPC main
contractor. Currently, in a Consortium with TTC, ELSEWEDY ELECTRIC is building
New Babil 400/132 kV substation, under Japan International Cooperation Agency
(JICA) finance.
ELSEWEDY
ELECTRIC (EGX: SWDY.CA) is a leading provider
of integrated infrastructure and energy solutions in Africa and the Middle East.
The Company has a portfolio incorporating all traditional and renewable energy
areas along with related services. It is one of the largest worldwide
manufacturers of cables and meters, especially smart meters. It is also one of
the regional and continental leaders in electrical contracting and
manufacturing of transformers, insulators and other electrical products. With a
wealth of local experience and manpower, ELSEWEDY
ELECTRIC is committed to help provide the countries, in which the
Company operates, with a reliable and affordable utilities and infrastructure.
In fiscal 2020, which ended on 31st of December 2020, ELSEWEDY ELECTRIC generated revenue
from continuing operations of EGP 46.4 billion and net income of EGP 7.1
billion. At the end of December 2020, the company had around 20,000 employees
worldwide. Further information is available on the Internet at www.elsewedyelectric.com.
[i]
For more information, the Press Release dated 30.03.2017 by Toyota Tsusho Corporation (TTC) at the
following link: https://www.toyota-tsusho.com/english/press/detail/170330_003950.html.