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El Sewedy Electric Co SAE (SWDY.CA)

SWDY.CA on Cairo Stock Exchange

157.23EGP
18 Jan 2018
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Latest Key Developments (Source: Significant Developments)

El Sewedy, Marubeni, Masdar to Study Energy Projects Merger in Egypt
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - EL SEWEDY ELECTRIC ::CO, MARUBENI AND MASDAR SIGN INITIAL AFREEMENT TO STUDY MERGER OF GULF OF SUEZ AND RAS GHARIB WIND ENERGY PROJECTS.CO AND MARUBENI HAD SIGNED MOU WITH EGYPTIAN ELECTRICITY TRANSMISSION TO DEVELOP 500 MW WIND ENERGY PROJECT IN GULF OF SUEZ.MASDAR IN PARTNERSHIP WITH NEW & RENEWABLE ENERGY AUTHORITY WAS TO DEVELOP 200 MW WIND ENERGY PROJECT IN RAS GHARIB.  Full Article

Egypt's El Sewedy Unit signs Contract With Egyptian Electricity Holding
Thursday, 28 Dec 2017 

Dec 28 (Reuters) - EL SEWEDY ELECTRIC ::SAYS EGYPTIAN ELECTRICITY HOLDING SIGNS ABOUT EGP 570 MILLION CONTRACT WITH UNIT POWER SYSTEM PROJECTS FOR UPPER EGYPT ELECTRICITY PRODUCTION CO.UNIT'S CONTRACT WITH EGYPTIAN ELECTRICITY HOLDING INCLUDES ABOUT $25 MILLION IN FOREIGN CURRENCY TO BE ENTIRELY FINANCED BY OFID.DURATION OF PROJECT IMPLEMENTATION IS 29 MONTH UNDER SUPERVISION OF PGESCO‍​.SAYS CONTRACT IS FOR IMPLEMENTATION OF MECHANICAL AND PIPE WORKS FOR 650 MW STEAM THERMAL POWER PLANT AT ASSIUT ‍​.  Full Article

Egypt's El Sewedy Unit Signs Transformer Station Construction Contract
Tuesday, 26 Dec 2017 

Dec 26 (Reuters) - EL SEWEDY ELECTRIC CO ::UNIT SIGNS EGP 477 MILLION CONTRACT FOR CONSTRUCTION OF BADER TRANSFORMER STATION 2 ON BEHALF OF URBAN COMMUNITIES AUTHORITY.PROJECT IMPLEMENTATION DURATION IS FOR 12 MONTHS FROM DATE OF SIGNING OF DEAL.  Full Article

Egypt's El Sewedy Says Still in Talks With NREA to Establish Wind Farms
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - EL SEWEDY ELECTRIC ::SAYS STILL IN TALKS WITH NEW & RENEWABLE ENERGY AUTHORITY (NREA) TO ESTABLISH 500 MW WIND FARMS IN COLLLABORATION WITH MARUBENI‍​.  Full Article

Egypt's El Sewedy to increase export volume by 20 pct in 2018
Monday, 20 Nov 2017 

Nov 20 (Reuters) - EL SEWEDY ELECTRIC CO ::SEEKS TO INCREASE EXPORT VOLUME BY 20 PERCENT DURING YEAR 2018.IN TALKS WITH MINISTRY OF ELECTRICITY AND ENERGY TO OBTAIN 6 PLOTS TO CONSTRUCT, OWN, OPERATE 6 WIND POWER STATIONS.EACH WIND POWER STATION TO HAVE CAPACITY OF 100 MEGA WATT BASED ON IPP SYSTEM.  Full Article

Egypt's El Sewedy Q3 consol profit rises
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - EL SEWEDY ELECTRIC CO ::NINE-MONTH CONSOL NET PROFIT EGP 4.63 BILLION VERSUS EGP 2.41 BILLION YEAR AGO.Q3 CONSOL NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS EGP 1.56 BILLION VERSUS EGP 720.7 MILLION YEAR AGO.Q3 CONSOL REVENUE EGP 11.46 BILLION VERSUS EGP 4.87 BILLION YEAR AGO.  Full Article

Egypt's El Sewedy signs energy project financing deal with EBRD
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - EL SEWEDY ELECTRIC CO ::SIGNS FINANCING DEAL WITH EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT (EBRD) TO FINANCE SOLAR ENERGY PROJECT.CO AND ÉLECTRICITÉ DE FRANCE AIM TO SIGN FINANCING DEAL WITH PROPARCO BEFORE OCT 27.SAYS COMBINED VALUE OF FINANCING DEAL WITH EBRD AND PROPARCO IS UP TO $150 MILLION.  Full Article

Egypt's El Sewedy Electric posts Q2 net profit of 893 million Egyptian pounds
Tuesday, 30 Aug 2016 

El Sewedy Electric Co Sae : El Sewedy Electric posts second quarter net profit of 893 million Egyptian pounds ($100.56 million) versus 532.9 million in same period a year earlier .Revenue for the quarter reached 5.9 billion pounds versus 6.7 billion pounds in the same period a year earlier.  Full Article

Egypt's El Sewedy Electric Q1 net profit rises to $86.46 mln
Tuesday, 31 May 2016 

Egypt's El Sewedy Electric : Q1 net profit of 767.73 million Egyptian pounds ($86.46 million), up from 259.99 million pounds year earlier .Q1 sales of 4.693 billion Egyptian pounds, up from 3.644 billion year earlier.  Full Article