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EETC postpones solar plant tender for 6 months

The Egyptian Electricity Transmission Company (EETC) postponed receiving bids for the establishment of a 200 MW solar plant west of the Nile for six months. Sources at the company said that postponing the tender was forced by the lack of bids. “The deadline was set to expire on Wednesday, but no companies made their bids,” …

Mohamed Farag

Egyptian Resorts Co achieves $ 21.4m net profits in H1 of 2015

The Egyptian Resorts Co achieved a profit in the first half (H1) of 2015, reporting net profits of EGP 167.5m ($21.4m) compared to EGP 21.3m ($2.7m) in losses in H1 of 2014. However, over the first quarter (Q1) of 2015, the company’s net profits reached EGP 3.2m, marking a 73.4% decline compared to the same …

Rana Yehia

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