Latest news with #ElsewedyElectric
Zawya
5 days ago
- Business
- Zawya
Elsewedy, regional Johnson Controls–Hitachi win contract for Egypt's high-speed rail megaproject
Cairo - Johnson Controls–Hitachi Air Conditioning Middle East and Africa (Johnson Controls–Hitachi Air Conditioning MEA) along with Elsewedy Machinery, the trading arm of Elsewedy Electric Group, won a major HVAC contract for the flagship High-Speed Rail (HSR) project in Egypt. The partnership will result in Hitachi supplying more than 3,000 high-efficiency indoor variable refrigerant flow (VRF) units that are manufactured at its facility in Spain's Barcelona for the 660-kilometer HRS corridor, according to a press release. The solution delivers a total cooling capacity exceeding 11,000 Refrigeration Tons (RT) and features Eurovent certification and high-ambient resilience, tailored to Egypt's climate and transport sector requirements. Serving as a national infrastructure milestone that links major cities and ports and sets new benchmarks in sustainable transport development across the country, the HSR line will connect Ain Sokhna, Alamein, Cairo, Alexandria, 6th of October City, and other key hubs across Egypt. Once operational, the system will serve 21 stations, transporting over 1 million passengers and 8,500 tons of cargo daily. The project is designed to dramatically reduce travel times and support faster, more efficient logistics nationwide. General Manager at Johnson Controls–Hitachi Air Conditioning MEA, Ahmed Aqel, said: 'This megaproject represents a pivotal advancement in Egypt's national infrastructure agenda. It reflects the country's vision for modern, efficient, and climate-conscious transportation.' Aqel added: 'We are proud to deliver our advanced HVAC systems to a development of this scale and significance, working alongside Elsewedy Machinery to ensure technical precision, operational excellence, and long-term impact.' Elsewedy Machinery will oversee the complete scope of HVAC delivery, including supply, installation, copper piping network, start-up, commissioning, and after-sales service. The General Manager noted: 'Our partnership with Elsewedy Electric brings together global HVAC innovation and local execution expertise.' Aqel concluded: 'By integrating high-performance European-manufactured VRF systems into Egypt's high-speed rail infrastructure, we are supporting a new benchmark in sustainable, large-scale transport solutions.' This high-speed rail project reflects Egypt's forward-thinking leadership and ambition for sustainable growth. The megaproject stands as a defining example of infrastructure that drives national transformation. By enhancing regional connectivity and supporting more efficient logistics, this development will have a lasting economic and social impact.
Zawya
11-07-2025
- Business
- Zawya
Elsewedy Industrial Development, Turkish Boni to establish $100mln integrated textile factory in Egypt
Arab Finance: Elsewedy Industrial Development, a subsidiary of Elsewedy Electric, has signed an agreement with Turkish textile giant Boni to establish a $100 million integrated textile factory in 10th of Ramadan City, as per a statement. The project will be developed within the Industria 10th industrial zone and span 120,000 square meters, becoming a private free zone aimed at enhancing Egypt's role as a regional textile hub. Supported by the Egyptian Commercial Representation Office in Istanbul and the General Authority for Investment and Free Zones (GAFI), the deal is seen as a step forward in attracting foreign direct investment into Egypt's textile sector, a key contributor to exports and job creation. Operations at the new facility are expected to begin by the end of 2026 and create around 2,500 direct and indirect jobs. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
19-06-2025
- Business
- Zawya
Egypt's Elsewedy Electric to supply power solutions for first resort in Ras El Hekma
Elsewedy Electric announced on Thursday that it has been selected by Abu Dhabi-based developer Modon Holding to provide power infrastructure for the first resort in Ras El Hekma mega project. The ADX-listed Modon Holding was appointed as the master developer for Ras El Hekma by ADQ Holding in October 2024. Elsewedy Electric, listed on the EGX, said in a statement that it will supply advanced dry-type transformers and install high-performance Busway systems as part of the resort's energy infrastructure. The resort is currently under construction and forms part of a broader investment strategy to transform Ras El Hekma into a high-end coastal destination, the statement noted. In addition to being master developer for Ras Al Hekma's 170 million square metres (sqm) area, Modon Holding is also the developer for the first phase of the city consisting of 50 million sqm. (Writing by Eman Hamed; Editing by Anoop Menon) (
Al-Ahram Weekly
19-06-2025
- Business
- Al-Ahram Weekly
$1.1 billion in transmission deals highlight day 2 of Africa Energy Forum in Cape Town - Energy
Over 6,000 delegates attended the second day of the Africa Energy Forum 2025 at the Cape Town International Convention Centre. The forum reinforces Africa's collective determination to achieve universal energy access, accelerate clean energy deployment, and strengthen regional power trade. Under the theme 'Africa United', governments, financiers, developers, innovators, and youth leaders converged to turn dialogue into action through new partnerships, initiatives, and investment pledges. Egyptian energy leader Elsewedy Electric reaffirmed its commitment to advancing Africa's energy future through active participation at the Africa Energy Forum (AEF 2025), hosted at the Cape Town International Convention Centre. The company showcased its integrated portfolio of sustainable energy solutions while engaging with key partners, government stakeholders, and international investors. In a statement, Elsewedy Electric described the Forum as a vital platform for advancing its mission on the continent. "This key industry event is a powerful platform for our leadership and Africa Commercial team to showcase our cutting‑edge sustainable energy solutions. We're excited to build new partnerships, unlock fresh business opportunities, and reaffirm our commitment to powering Africa's energy future." Elsewedy's presence highlighted its growing role as a regional industrial powerhouse, with capabilities spanning solar generation, medium-voltage smart distribution, grid modernisation, and off-grid electrification systems. Through its exhibition stand and a series of high-level meetings, the company presented its technical solutions to support Africa's energy transition and achieve universal electricity access. The company's participation aligns with its broader expansion strategy across the continent, building on recent achievements, including a $150 million financing package secured earlier this year from the International Finance Corporation (IFC), First Abu Dhabi Bank, and Europe Arab Bank. This funding supports Elsewedy's clean energy and industrial projects, which are expected to contribute significantly to emissions reductions and the region's decarbonisation agenda. One of the day's key outcomes was the launch of Mission 300 by the African Development Bank (AfDB) and the World Bank, aiming to provide electricity to 300 million people by 2030, starting with 50 million new connections in its initial phase. AfDB President Dr Akinwumi Adesina declared: 'No economy can grow, industrialize, or be competitive in the dark.' Dr Kevin Kariuki, AfDB Vice President for Power, Energy, Climate Change and Green Growth, added: 'Mission 300 is Africa's most ambitious and coordinated effort to deliver universal energy access at scale. It will only succeed through new capital, partners, and solutions.' Accompanying this, AfDB signed a $400 million blended finance agreement with a consortium of private investors and development agencies to support mini-grid and off-grid solutions in underserved rural regions, prioritising projects in Mozambique, Sierra Leone, and Chad. The bank also formalised a memorandum of understanding (MoU) with the African Trade Insurance Agency (ATI) to provide political risk insurance for renewable energy investments tied to Mission 300. The forum also witnessed the signing of a cross-border transmission financing deal valued at $1.1 billion between the Southern African Power Pool (SAPP), Standard Bank, and the European Investment Bank. This agreement aims to fast-track the development of the Mozambique-Malawi-Zambia transmission corridor, a key element of the African Single Electricity Market (AfSEM). The deal was unveiled during the session, where European and African leaders reaffirmed their commitment to deeper regional integration. Adam Cortese, CEO of Sun Africa, stated: 'The future of African power infrastructure starts with Sun Africa, and the conversation about Africa's energy future continues at the Africa Energy Forum. We are proud to be the Forum Sponsor of an event that will unite visionaries and people across the continent.' Technology providers also sealed several essential partnerships. Trinasolar, in unveiling its Vertex N 630W ultra-durable module, announced a framework agreement with Eskomto pilot 100 MW of integrated solar-plus-storage systems in South Africa's Northern Cape. Vincent Wu, Trinasolar's Vice President for the Middle East and Africa, noted: 'Our Vertex N 630W module and storage systems bring real resilience to African energy grids facing extreme climate realities.' In parallel, Relyez inked a supply and maintenance contract with Kenya Power to deploy modular battery energy storage systems to stabilise grid operations in Nairobi and Mombasa. Green investment commitments continued to build momentum with the launch of the Octopus Energy Power Africa (OEPA) Fund, aimed at raising $250 million for clean energy over three years. Zoisa North-Bond, CEO of Octopus Energy Generation, said: 'Africa is abundant with clean energy potential – enough to build the next-generation renewable powerhouse and a greener, fairer future fuelled by sunshine and wind.' The fund's initial $60 million will target solar and wind projects in Kenya, Senegal, and Ghana, emphasizing local job creation. Youth and community engagement remained central. The Youth Energy Summit (YES!) attracted over 4,000 young professionals, students, and entrepreneurs who participated in masterclasses, pitch competitions, and direct dialogues with investors. Adam Cortese highlighted the importance of youth inclusion, reiterating that the forum would 'unite visionaries and unite people from across the continent.' The day concluded with the Africa Challenge Cup at DHL Stadium, where mixed teams of delegates, sponsors, and local players participated in a friendly football tournament, embodying the spirit of unity and informal collaboration. Day 2 of AEF 2025 showcased the power of partnerships, financial innovation, and technological advancement to drive Africa's energy transformation. The forum is now in its third day and will focus on green finance, sustainable utility reform, and advancing regional trade frameworks. Follow us on: Facebook Instagram Whatsapp Short link:
Zawya
17-06-2025
- Business
- Zawya
Elsewedy Electric to expand investments in Egypt's mining, green energy
Arab Finance: Elsewedy Electric is planning to boost its investments in Egypt's mining, green energy, exploration services, and the petrochemical industry, the company's CEO Ahmed Elsewedy unveiled. During his meeting with Minister of Petroleum and Mineral Resources Karim Badawi, Elsewedy discussed strengthening cooperation in mineral resources, petroleum, petrochemicals, and green energy sectors. He also highlighted the group's plans to invest in mineral resources, including phosphate and kaolin, through establishing value-added processing industries. On his part, Badawi reviewed the six key pillars of the state's strategy, addressing the recent decision to transform the Egyptian Mineral Resources Authority (EMRA) into the Mineral Resources and Mining Industries Authority. This step aims to enhance the authority's efficiency in working with both the government and investors and attract domestic and foreign investment into the mining sector, while backing Egypt's position as a regional hub for mining industries. On June 12 th, President Abdel Fattah El-Sisi approved this transformation as part of the state's efforts to achieve a real breakthrough in the mining sector and maximize the added value of mineral resources. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
