# 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.

- Type: Contract
- Announced: 2017-09-14
- Where: Mostasmerin (New Cairo), Beni Suef, Tami El Amdid, East Ismailia, Egypt
- Value: $250.0M
- Status: under construction
- Capacity: 7 GW of power connection
- Products: gas-insulated substations, grid solutions
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [GE](https://endata.com/companies/1022.md)
- [Egyptian Electricity Transmission Company](https://endata.com/companies/8448.md) (customer)
- [Rowad Modern Engineering](https://endata.com/companies/26938.md) (partner)

## Sources

- [gevernova.com](https://www.gevernova.com/news/press-releases/ge-secures-financial-closure-build-four-substations-will-connect-7-gw-power), 2017-09-14: "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"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.