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Elsewedy Electric signed an EPC contract with Kuwait's Ministry of Electricity and Water for supply and installation of a 400kV overhead transmission line on Boubyan Island, valued at 16,158,883.5 KWD (approx. $53 million).
“Elsewedy Electric announced in a statement that it has signed EPC contract for 'Supply and Installation of 400kV Over Head Transmission line for Main Substation Boubyan (Z)'.”saudigulfprojects.com
Summarized from public sources; check the original articles before acting on it.