GE reaches financial closure for $250M substation contract in Egypt

GE has reached financial closure for a $250 million contract with the Egyptian Electricity Transmission Company (EETC) to build four gas-insulated substations across Egypt. The first substation in New Cairo was completed in July 2017, and the remaining three are expected by end of 2018.

“GE (NYSE: GE) today announced that it has reached financial closure for the contract worth approximately $250 million signed with the Egyptian Electricity Transmission Company (EETC) and financed through Deutsche Bank AG and HSBC France to provide the company’s advanced grid solutions technologies t”gevernova.com

• 1 source
• gevernova.comGE secures financial closure to build four substations that will connect 7 GW of power to reinforce Egypt's national grid | GE Vernova NewsSep 14, 2017

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