An Indian company today won a major USD 14 million contract for a World Bank-funded project in Egypt's power sector.
"We are delighted that Dee Development Engineers have won another important contract for a World Bank project in Egypt's power sector," India's Ambassador to Egypt Navdeep Suri said.
The Ambassador made the remarks after his meeting with Egyptian Minister of Electricity Mohamed Shaker following the signing of the contract with Indian Dee Development Engineers Limited (DDEL).
Suri said he is delighted that Indian companies have very successfully won bids and executed contracts in the power sector in Egypt.
"This is in addition to earlier contracts to the tune of USD 250 million won by KEC, Kalpataru and Jyoti Structures for sophisticated power transmission systems in Egypt," Suri said.
"The ability of Indian companies to win these contracts in the face of tough international competition shows that they can make an important contribution to Egypt's energy sector," he said.
Dee Development Engineers Limited today signed a contract with East Delta Electricity Production Company for supplying critical piping and valves to a thermal power in Suez Governorate. The company has previously also won a similar contract.
"In last two years, companies from India have won several major World Bank-funded projects for transformers and power transmission in Egypt," the Ambassador said.
Indian companies have previously also won bids and executed contracts in the power transmission sector, some of them in excess of USD 100 million.
Four Indian power companies have won international tenders.
The companies are Dee Development Engineers Limited, KEC International Limited, KALPA-TARU Power Transmission Limited and JYOTI Structures Limited.
Today's contract is the DEE Development Engineers' second international contract in Egypt and it was signed in the presence of the Minister of Electricity and the Ambassador of India.
In February 2013, DEE Development Engineers signed a contract with a Cairo-based Company for Electricity Production (CEPC) to execute a project for setting up of combined Cycle Power Plant in Giza North.
The value of the contract was USD 20 million, which included furnishing, fabrication and delivery of critical piping and valves for the project and on-site technical assistance.
