Professional Documents
Culture Documents
Issue 13
Issue 13
As we continue to expand our diverse range of 3) Technology segment responsible for our
innovative, high-value products and services, smart metering business and system integra-
we will remain focused on the three pillars of tion business.
our business strategy: to deliver expert prod- 4) Investment segment responsible for our in-
ucts and services, to know our customers, and vestments in power as an independent power
to succeed in every venture we undertake. producer (IPP) and utilities operator.
To start, a quick recap on 2018. We are proud 5) Development of industrial sustainable cities
that we managed to maintain our topline, and logistics centers.
which almost doubled in 2017, by focusing on I am glad to share with you that Elsewedy Elec-
turn key services, product diversification and trics’ experience is well appreciated around the
new market development. Elsewedy Electric world. In H1 – 2019, I was honored to meet
reported a revenue of EGP 42.5 billion EGP and The Heads of state for Guinea, Rwanda, Libe-
4.9 billion EGP Net Profit in FY 2018. Our wires ria, Sierra Leone, Democratic Republic of Con-
and cables business segment continuing to an- go, Eswatini, Macedonia, Albania and Kosovo
chor our growth, while our younger segments, who all have welcomed our efforts to provide
such as meters and transformers continue to sustainable and integrated Energy solutions in
unlock their substantial growth potential. their countries through our focused plans of
2018 witnessed a new leap in our turn key busi- expansion in Africa and East Europe.
ness by signing The Rufiji Hydroelectric dam in So far 2019 has been a great year of our newly
Tanzania, an iconic project that we are imple- established Investment segment. We are an-
menting with our JV partner Arab contractors nouncing in this edition our latest acquisition
that is expected to generate more than 2.1 GW of Wind Power plants in Greece that will have a
of power that will help boost the economy in very positive impact on our financial returns as
Tanzania. On the investment front Elsewedy well as on our Carbon foot print.
Electric signed an agreement with the Suez Speaking of the carbon foot print, I am glad to
Canal Economic Zone to establish a utility in announce that we have issued our first Carbon
this zone that will provide all utility services to foot print reports for year 2018 which makes
the investors that are flocking to the zone. To us one of the leaders across the Middle East to
crown these achievements, we were awarded issue this report signaling our commitment to
the South-South Cooperation award during the environment and sustainability of the mar-
African Development forum organized by Alti- kets we serve.
jari-Wafa Bank. Finally, I would like to thank our partners and
In 2019 we decided to restructure ourselves customers for their trust in Elsewedy Electric
across five segments to leverage the synergies and our teams who were up to the challenge
between similar activities hence improving effi- and managed to put Elsewedy Electric at the
ciency as well as improve the focus on growing forefront in the markets we serve. Human
each segment. The five segments are: Capital development will always top our list of
1) Industry segment, which will be responsible priorities because we are only as strong as our
for all our manufacturing activities. people.
2) Contracting segment responsible for all our
turn key business. Ahmed El Sewedy
President & CEO
Elsewedy Electric
Index
04 ACHIEVEMENTS
......................................................................
HSE 74
.......................................................................
08
32 Bringing Intelligence to Energy
38 Meeting Your Communication needs INVESTOR UPDATES 96
.......................................................................
42 The Biggest Power Transformer
44 The Beneficial Shift to HTLS CONTACT US 100
.......................................................................
NEWS ROUND-UP 46
.......................................................................
PROMISING PARTNERS 66
....................................................................... 25
QUALITY 70
.......................................................................
42
Designed, Edited & Published by
Corporate Marketing Departmeny
Tanzania &
The Future
of Alternative
Energy
Rufiji Hydropower Project in Tanzania
Rufiji
River,
Tanzania
pacted concrete saddle dam, three gravity saddle Tanzania Minister of Finance, and many officials
dams, a diversion tunnel, a water conveying from the governments of Tanzania and Egypt.
system with three power tunnels, a powerhouse, “With this unprecedented contract, Elsewedy
400kV switchyard, a bridge on Rufiji river, Owner Electric and its partner are supporting Tanzania’s
facilities, temporary facilities and access roads. economic development by exploiting the country
The upstream drainage area of the dam site is water resources to build an affordable, reliable
158,000 square kilometer with mean annual and sustainable energy mix for Tanzania’s future,”
water flow of 887.5 cubic meter per second and said Ahmed Elsewedy, President and CEO of
mean annual water runoff of 27.9 billion cubic Elsewedy Electric S.A.E. “The Tanzanian People
meter. The full supply level of the Project is 184 can count on the Egyptian Joint Venture. This has
meter above sea level (masl), where the crest been also strongly committed by the Egyptian
elevation of the RCC dam is 190 masl and its leadership, and it shall remain, as it has always
crest length is 1025 meter. The Crest spillway of been, the commitment of Elsewedy Electric in all
the main dam consists of seven orifices. Total its operation in its mother continent Global.”
discharge capacity of the main spillway under
PMF (probable maximum flood) is 30,874 cubic
meter per second.
6,307
tractors (Osman A. Osman & Co.) holds 55%.
The signing ceremony was witnessed on
12/12/2018 in Dar el Salaam by H.E. the Hon-
ourable Dr. John Pombe Magufuli – President of
the United Republic of Tanzani, H.E. Dr. Mostafa GWh
Madbouly – Prime Minister of the Arab Republic Additional Annual
of Egypt, H.E. Hon. Kassim Majaliwa Majaliwa Energy Generated
– the Prime Minister of the United Republic of From Hydropower
Dar
Es Salam, Tanzani, the Egyptian Minister of Electricity and
Tanzania Renewable Energy, the Egyptian Minister of Irri-
gation and Water Resources, the Tanzania Minis-
ter of Energy, the Tanzania Minister of Work, the
$ 116.7
million
Social Projects in Tanzania
Another Leap
in Europe….
Elsewedy Electric
Acquires Portfolio
Agios
of Renewable Energy
Assets in Greece
Andreas,
Greece
63.6
Greece
MW
An aggregate
Capacity of Three
Wind Parks
34,000
HOMES
Benban
One of the World’s Largest Solar Parks
Elsewedy Electric’s first Independent
Power Producer Project (IPP) will Kristalina
Georgeiva
start operating soon The Interim
Pressident
Our work in the largest solar park in the world is going as of WBG
planned. The first current will start by the end of this year. Our
scope is to develop, finance, build, own and operate the project
located in Benban, Kom Ombo, Aswan Province with a capacity
of 130 MWp (2X65MWp plots) which will power more than
30,000 houses while saving more than 60,000 tons of C02 a year. Benban Solar Park
The project, with a total investment value of approx. US$ 70
million, are expected to be granted finance from the European wins WBG’s best
Bank for Reconstruction and Development (EBRD) and the
French Proparco (Groupe Agence Francaise de Development. project award
“Focusing on the growing renewable energies market in The World Bank Group (WBG) gave
Egypt, Elsewedy Electric plans to grow up its portfolio and the best project award for Benban Solar
will increasingly contribute to Egypt plan to generate 20% Park in Aswan, according to the state-
of its energy from renewable sources by 2022.” commented ment by the ministry of investment and
Ahmed Elsewedy, President and CEO of Elsewedy Electric. international cooperation, adding that
it is the first time for Egypt to win such
an award.
The Interim President of the WBG,
Kristalina Georgieva, made a special
celebration at the WBG’s headquarters
in Washington DC, where she praised
the Egyptian project and its rates of
implementation, the statement noted.
The Minister of Investment, Sahar
Nasr, said the award reaffirms the
strong relationship between Egypt and
the WBG which includes supporting
the country’s reform programme and
the governmental plans for promoting
the private sector role in achieving the
The Largest
inclusive sustainable development.
January 2019 marks one of our first achieve- Elsewedy Electric acquired the Legal Practice
ment of the year: Our subsidiary Elsewedy of the Construction of Quadruple bundle 500
Electric T&D secured a significant tender with KV Double Circuit OHTL: S3 Benban-Nagaa
the Egyptian Electricity Transmission Company Hamady, the project is to be executed on a fast
(EETC) represented by the Armament Author- track basis in six months.
ity. The distinctiveness of the project comes The scope of work includes design, supply,
from the fact that it is the transmission line that construction, installation and testing of all
will carry the energy, generated from the 2GW components (towers, conductors, insulators,
solar farm in Benban – Aswan which is the accessories, ground wire, OPGW and civil
biggest solar energy farm in the Middle East, works), while the equipment warranty is the full
and connect it to the national grid. responsibility of the contractor.
ELSEWEDY ELECTRIC
Passed DEWA’s
Five Stars Audit
75,000m 3
power plant will consist of three Siemens F-class gas
turbines with generators.
Expected Excavation Elsewedy Electric’s scope of work includes engi-
neering, procurement and installation of balance of
35,000m
plant in addition to the erection and installation of
3 the SIEMENS gas turbines. In addition, Elsewedy
Electric will be responsible for the site preparation,
Expected is levelling and the civil, construction and site utili-
Rock-Backfilling ties for the project
Siemens scope of works includes fabrication, supply-
ing , testing and commissioning of the gas turbine
generators in addition to joint project management.
Al Aweer
“H” Station
phase IV This project meets the continued growth of demand
power plant for electricity in the Emirate of Dubai and works to
establish the status of Dubai as a leading model in
the region for its effective and efficient electricity
815MW
and water infrastructure.
DEWA is working hard to significantly advance
the quality of life in Dubai and is one of the most
important contributors to the vision of the wise
leadership of Dubai and the UAE. DEWA is also
Simple Cycle upgrading its services to be as efficient and reliable
Power Plant as possible with its electricity and water services
to achieve sustainable development in Dubai, and
happiness for generations to come.
D
ue to the continuously increasing item water (saturate), and the saline concentrate
demand for fresh water in the (brackish water).
desert and remote areas, the devel- The Nuweibaa Seawater Reverse Osmosis
opment of non-conventional wa- (SWRO) desalination plant is the first water
ter resources in Egypt is became desalination project to be added to Elsewedy
essential. The most advanced and promising Electric portfolio. The project is located in South
desalination technology is the reverse osmosis Sinai, Egypt.
(RO) system.
Desalination is a procedure in which broken up The scope is on EPC basis in collaboration
minerals are expelled from saline water. Numer- scheme between Elsewedy Electric and GIS
ous innovations have been produced for ocean Aqua, the leading water industry technology
and salty water desalination, including warm, provider.
switch assimilation (RO), electro dialysis and va-
por pressure frameworks. The most well-known The project was commenced in November,
and broadly utilized procedure is turn around 2018 and designed to deliver 15,000 m3/day of
assimilation. All desalination forms include three drinking water and composed of (3) streams each
fluid streams; the saline feed water, low-saltiness stream 5,000 m3/day, by end of 2020.
EGYPT
al multinational companies to win the Cairo Capital
SS1 500/220/66/22 kV GIS Substation project.
The Project Scope includes the engineering, fabri-
cations, factory testing, delivery to site, receiving,
unloading, storing, civil works, erection, testing and
commissioning, handing over the works to Employ-
er/EETC, putting in operation, insurance till hand-
ing over, training, warranty, and technical assistance
during warranty period of SS1 500/220/66/22 kv
GIS substation.
Due to the fact that the substation is the prime
source of electricity for the New Capital, the project
was signed as a fast track project with a duration of
2.4
12 months; even though the normal duration ranges
from 18 to 24 months.
EETD has maintained its HSE and quality proce-
million dures (certified ISO 9001, ISO 14001 and OHSAS
18001) with the compact schedule of the project
Safe Working Hours
with 2,400,000 safe working hours and Zero LTA
12
and a daily average of 450 Egyptian workers.
months
Total Project Duration
450
Egyptian Workers /day
T
he major reason for the new The new city is located 45 kilometers (28 miles)
capital city is to relieve conges- east of Cairo and just outside the Second
tion in Cairo, which is already Greater Cairo Ring Road in a currently largely
one of the world’s most crowded undeveloped area halfway to the seaport city
cities, and it is growing rapidly. of Suez. According to the plans, the city would
Greater Cairo’s population is set become the new administrative and financial
to grow from 18 million people to 40 million capital of Egypt, housing the main government
people by 2050. It will help to strengthen and departments and ministries, as well as foreign
diversify the country’s economic potential by embassies.
creating new places to live, work and visit.
1bn
UNDERGROUND CABLES
Elsewedy Cables Egypt has been awarded a contract with the Engi-
neering Authority of the Armed Forces with a total amount of 1.1 EGP
Underground
Billion EGP to supply and install 220KV power cables 1X2000 mm2
and Fiber Optic Cables.
This is the first time in Egypt to put 220KV High Voltage cables
inside a cable tunnel which is designed to receive 12 circuits 220KV Cables
power cables and equipped with DTS Monitoring System, Fire Power & Fiber Optic
alarm, Firefighting and forced ventilation systems for implementing
new smart cities in Egypt as Cairo Capital City as follows:
1- Interconnection of Capital S/S1 500/220/66/22KV Substation
- Capital S/S2 500/220/66/22KV Substation double circuit each
3x1x2000 mm2 Copper conductor XLPE Insulated cables of a dis-
tance about 5KM inside a cable tunnel.
2- Interconnection of Capital S/S1 500/220/66/22KV Substation
- Capital S/S3 500/220/66/22KV Substation double circuit each
3x1x2000 mm2 Copper conductor XLPE Insulated cables of a dis-
tance about 8KM inside a Cable Tunnel.
3- Interconnection of Capital S/S2 500/220/66/22KV Substation
- Capital S/S3 500/220/66/22KV Substation double circuit each
3x1x2000 mm2 Copper conductor XLPE Insulated cables of a
distance about 4KM inside a Cable Tunnel.
ELECTRICAL PROJECTS
1000+
Transformers INFRASTRUCTURE PROJECTS
has been delivered - Bridges - Ministerial Building
- Tunnels - Knowledge Hub University
Transformers:
we have deliv-
ered over 1000+
transformers to
the city.
New
Capital
Bridge
2.5$+ 14.8
Road Network
Upgrade GW
Power Generation
Investment
DEVELOPING
SUSTAINABLE
INDUSTRIAL
CITIES
Elsewedy Industrial Development serves as the
finest solution for the multitude of demands
facing manufacturers. We provide investors and
manufacturers with comprehensive, autonomous,
and self-sufficient industrial communities that
act as a safe haven and facilitate all processes
related to manufacturing, maintenance,
warehousing and more.
8
million 25
Square meters
developed million
Square meters
17
million
Square meters
under development
1
AlOula Industrial Business Park
Located in 6th of October City, is ideal for industries such as,
million
one of Cairo’s most dynamic food processing, engineering and
industrial cities, AlOula Indus- logistics. It is also a home to mul-
trial Business Park comprises an tiple popular brands as Mintra
area of 1 million square meters. and Modern Engineering Square meter
AlOula Industrial Business Park
INDUSTRIAL DEVELOPMENT
4
highly-skilled workers who reside within
the area. PI Parks features two running
industrial parks, Industria West & In-
dustria East.
million
Square meter
(Industria West & Industria East)
1
PI Parks started its first industrial park; The complex features factories special-
Industria West in 2007 through a part- ized in engineering, food processing
nership between Elsewedy Electric & industries as well as cosmetics.
million
SIAC Holding. Located in 10th of Ram- Industria West is home to multiple
adan City on Cairo Ismailia road, the famous brands, such as L’Oreal’s first fac-
complex spreads over 1 million square tory in the MENA region, MANTRAC,
meters, offering industrial lands for sale, ISKRAMECO, and JAC. Square meter
logistics, and commercial use.
3
Industria East
In 2009, PI Parks joined forces with road. It offers industrial lands for sale,
EL Consoric de la Zona Franca de logistics, as well as various services.
million
Barcelona establishing PI Parks’ sec- It hosts factories functioning in engi-
ond project in Al Robeky; Industria neering industries and construction
East. Spread over 3 million square materials. Industria East is also home
meters, Industria East is located in to renowned brands such as, JOTUN
Square meter
10th of Ramadan City on Al Robeky & KAPCI.
INDUSTRIAL DEVELOPMENT
SOKHNA
Industria-1 Sokhna
1.7
Located on the banks of Al Sokhna is ideal for market leaders in the fields
Port as part of the SCZone, this 1.7 of medium and heavy industries, such
million square meter project is the as engineering, building materials,
perfect hub for Egypt’s maritime and textiles and logistics.
shipment gateway allowing factories Industries within the SCZone com-
to easily export to all over the world
from the very heart of its center. The
strategic location allows for multi-
plex are eligible for a wide variety
of trade incentives ranging from
ownership of import/export activities,
million
modal connectivity by sea, air, rail exemption from customs duties/taxes, Square meter
and road. This industrial destination fast track visa services and licensing.
PROTECTING
THE PAST,
BUILDING
THE FUTURE
Since establishment in 1998, we at ROWAD Modern Engineering
believe that nothing is impossible whilst armed with willpower,
hard work, tools and passion for what we do. The remarkable
growth of RME proves that we made it possible, and yet there
is a lot to achieve. Our diversified portfolio encompasses many
successful projects which we completed for both public and
private sectors.
Cairo
New Capital
Bridge
INDUSTRIAL DEVELOPMENT
RENEWABLE
ENERGY
COMMERCIAL &
ADMINISTRATION
BUILDINGS
1
million
Iskraemeco delivers 1million smart
meters within the most sustainable
smart metering project
Smart Meters
if the need arises. AM550 smart meters are
being installed in Dutch households all over the
country.
In December 2018, the millionth Iskraemeco
smart meter was delivered to four utilities in-
volved in the SMR5 project. The project is even
more interesting because it is based on applying
a sustainability approach to metering.
One of the crucial elements within the SMR5
project was the implementation of the fair
smart meter concept. The utilities wanted to
assure their customers that the installed smart
meters were fair in all aspects. For this purpose,
Iskraemeco adopted a thorough, long-term
sustainability strategy. The Fair Meter initiative,
which was initiated within the project, incorpo-
rates sustainable and circular economy practices
in the production of fair smart meters and pays
great attention to materials, their origin, labour
standards, and developing higher standards in
the industry.
D
meter and smart gas meter are both installed
at the same time. The AM550 smart meter,
AM550
tion. The first installa-
tions of Iskraemeco’s
smart meters began in
2012 with the delivery
of 500,000 DSMR2.2 smart meters.
A meter based on an inno-
In 2015, Iskraemeco and four Dutch utilities vative modular platform and
– Liander, Stedin, Enduris and Juva – conclud-
ed a deal for the delivery of 1.6 million smart
was designed to deliver maxi-
meters by 2020, with the possibility to expand mum cost-efficiency
the quantities to 2.5 million during the project,
860,000
processes, integrate renewable Iskraemeco`s SEP2W Head-end
energy resources into their system System for meter data collection
and connect with consumers in a and management will be integrated
more efficient way. in the MDM and SCADA systems. Metering Points
With fully automated processes, the
Tatarstan manages a network of utility will operate with accurate and
860.000 metering points. The Smart reliable measurements and a de-
казан
grid transformation will be divided tailed consumption and power qual-
in several phases. Areas facing great- ity analysis. With the integration of
est technical loses will be first to SEP2W that includes all the latest
receive a modern and efficient smart security mechanisms, JSC Grid
metering system. Besides addressing Company will significantly improve
technical losses, the major goals of and optimise its grid infrastructure.
the project are efficient management
of the distribution network, im-
provement of quality and reliability
of consumer services and inclusion
of end consumers in day-to day
energy activities via mobile appli-
cations.
The comprehensive smart metering
solution includes the entire set of
support services from Iskramee-
co: planning, installation, system
start-up and maintenance. Point-
to-point AM550 smart meters will
be installed in households all over
2.3
HEP ODS manages a network consisting of 2.3
million metering points. With annual deliveries of
larger smart meter quantities, Croatia intends to
million equip the entire network with smart meters by end
of 2030. Transition to a smart metering infrastruc-
Metering Points ture will have a significant impact on the efficiency
of electricity supply.
Togo
50,000
Prepaid STS
Electric Meters
Liberia
38,000
Prepaid STS
Electric Meters
1,300
residential and
industriel smart
meters
Zimbabwe
Achievements
Meeting your
Communication
Needs Locally
3W Networks wins the Telecom and Security Systems for
ADNOC Refining Crude Flexibility Project
3W Networks was awarded by global tem, Structured Cabling, FO Network
player joint venture companies the Accessories, Data Network System,
execution of the Telecom & Security MOP Multi Operator Access Panel,
Systems of the ADNOC Refining and Access Control System.
Crude Flexibility Project in the Emir-
ate of Abu Dhabi. “We are pleased to be working again
The objective of this $3.1 billion mega with ADNOC Refining Company on
project is to increase crude processing this strategic oil field development
flexibility and improve margins at the project in the UAE region. We have
417,000-b/d West plant of its more successfully delivered a state of the art
than 800,000-b/d Ruwais Refining communication and security networks
Complex in the United Arab Emirates. solutions for the Inter Refineries
Pipeline Project and in our commit-
3W Networks in technology part- ment to continue the good standing
nership with leading equipment relationship with ADNOC Refining,
manufacturers will deliver a first-rate we are confident to implement our
telecom and security systems integrat- reliable solutions for the Crude Flexi-
ed solution including Public Address bility Project” said Walid Gamali, 3W
System, Telephone System, Siren Sys- Networks, Chief Executive Officer.
3W NETWORKS
$6.04
3W Networks to deploy the Telecommunication and
Security Systems for Karbala Refinery Project
billion 3W Networks, was awarded the Tele- refinery capacity of 140,000 barrels of
Estimated communication and Security Systems crude oil per day (bpd).
Investment works of Karbala Oil Refinery Project
from renowned Engineering, Pro- The Karbala Oil Refinery will have the
curement and Construction (EPC) most secured and reliable state of the
140,000
consortium companies. art Telecommunication and Securi-
The refinery, being built on a 6km² ty Systems consisting of Telephone
plot of land, will produce liquefied System, Intercom System, CCTV,
Refinery Caoacity
gas, gasoline, gas oil, fuel oil, jet fuel General Alarm System, Plant Radio
and asphalt and will serve the grow- System, Meteorological System, Drop
ing domestic demand for oil and gas Arm Gate and Traffic Signal Light,
in Iraq. The facility has an estimated PAGA, ACS, and FIDS System.
investment of $6.04bn and will have a
400+
Egyptian Natural Gas Company systems including SDH fiber optic
(GASCO) to execute the commu- transmission, Shelters, Power Sys-
mcf/d nication systems for Riven Field
Gas Pipeline Project, an 80 Km
tems along the above-mentioned
pipeline to facilitate the control of
Rate ofGas gas pipeline, in the Republic of voice and data communication for
Transporting Egypt. the consumers and service loca-
The project aims at transport- tions along the pipeline. The scope
ing gas from Riven gas field in the of work includes Detailed Design,
North of Alexandria concession to Engineering, Procurement, Sys-
Western Desert Gas Complex at a tems Integration, Installation, and
rate ranging between 400 and 450 Commissioning.
mcf/d.
BIGGEST
THE
POWER
TRANSFORMER
IN THE MIDDLE EAST AND AFRICA
250 MVA
220/34/34 kV
Transformer
220KV
- Trained Hands
- Advanced Processes
- Qualified Management
Touring
Africa
The committee meeting in Egypt discussed means of developing
transportation, electricity and energy sectors in member countries
Liberia
Another important meeting in Liberia, we met
with H.E. George Weah president of Liberia
and Liberia Electricity Co LEC. We have signed
an MOU with the objective of increasing the
capacity of electricity through Hydro Electric
Power Station, solar park, distribution lines as
well as we discussed the need from our special
industries; wire, cables & transformers
Madagascar
We would like to express our pleasure that we have met
with H.E Mr. Andry Rajoelina the President of Mada-
gascar and we discussed the means of cooperation in
investing in alternative energy especially the solar parks.
We are looking forward to future agreements
Eswatini
Another important meeting in Eswatini
Ahmed Amin, Sherif Kafafi, Prime minister of Eswatini
His Excellency Mr. Ambrose Mandvulo Dlamini, Ahmed
El Sewedy, Moataz Samy.
Rwanda
On the occasion of the CEO Forum, we had the oppor-
tunity to meet with H.E Mr. Paul Kagame at Kigali, we
discussed opportunities of cooperation through our ser-
vices & portfolio of products by working close together.
Our principal is to satisfy the customer by providing our
best services. We are looking forward to fruitful business
between the two countries.
Burkina Faso
Our team was welcomed by H.E Hon. Bachir
Ismael Ouedraogo. Minister of Energy, Burkina
Faso. At the meeting MOU was signed with Son-
abel to increase the electricity capacity through
solar park and HFO Massott power plant.
Ethiopia
(The African Union)
Eng. Ibrahim Qamar, Ms. Dr. Amani Abou-Zeid the Commissioner
for Infrastructure and Energy, Dr. Mohamed Shaker Minister of
Electricity and Renewable Energy, Eng. Ahmed El Sewedy CEO of
Elsewedy Electric, Eng. Mohamed Atef
Elsewedy Electric
Charts New Territory
with Egypt’s First-Ever
EPC project in
Mauritania
Elsewedy Electric is the first Egyptian EPC
company to enter the market in Mauritania
by winning a contract of US$ 20 million
with Agence de l’accès Universal in L’aftout
We have great plans for Zambia in the renewable Another project in Zambia with the electricity
sector. Last May we have met with His highness company is financing & transmission and distri-
Mr. Edgar Lungu the president of Zambia togeth- bution for electricity worth USD 200M moreover
er with delegates from Toyota Tsusho and agreed we are planning to build five solar plant each wth
to build a 100 MW plant to be delivered by 2021. the capacity of 5 MW.
Elsewedy Electric recently entations during the meeting to confirm our leadership in
participated as a main sponsor about the Group’s achievements 14 African countries in the
at the African Union’s Special- and projects across Africa. fields of manufacturing of
ized Technical Committee that The Committee discussed cables, transformers, meters,
took place in Egypt from 14-18 cooperation opportunities and power stations, electricity
April 2019, as the current Chair development of transportation, transmission and distribution,
of the African Union. The com- energy and electricity sectors in infrastructure projects and the
mittee meeting was attended by the Union countries, especially development of specialized
a number of African ministers with the increasing demand industrial zones to serve the
including ministers of elec- for energy and developmental African economy and enhance
tricity and renewable energy, projects in all sectors. African development there in line with
ministers of transportation, Union countries seek to seize Egypt’s vision to deepen its
ministers of tourism, ministers all investment and development African presence at all levels.”
of aviation, ministers of com- opportunities from within and
munications and ministers of outside Africa to achieve the Elsewedy Electric has ven-
investment, in addition to the sustainable development of the tured into several investments
Egyptian Minister of Electricity, African countries. in many promising African
top officials in the Egyptian en- “Africa is not only a geograph- countries; utilizing the vast
ergy sector as well as Egyptian ical extension of Egypt but potential to foster growth and
Electricity Holding Company also a strategic dimension for development within these
officials. Elsewedy Electric at all levels,” countries. Elsewedy Electric
said Eng. Ahmed El Sewedy, is a global leader in integrated
In addition to participating CEO of Elsewedy Electric. energy solutions. As such, it
as one of the main sponsors, “We have been operating in was, and still is, well positioned
Elsewedy Electric’s representa- Africa for 15 years. During to spearhead the developmental
tives gave informative pres- this period, we have been able process across Africa.
Around
international exhibitions that serve our current and
potential scopes of work by generating new business
leads and exploring new market trends. Participating in
such exhibitions helps us penetrate new target markets
and provides a venue to engage and create networks
The
Globe
with key figures and potential business partners.
The exhibition selection process involves intensive
study and research that identifies which exhibitions
would serve us best. Throughout the last year we have
joined the following exhibitions:
ELECRAMA
India
EGYPLAST and
Elsewedy Electric Wire
participated in Wire
Düsseldorf, the In- Düsseldorf
ternational Wire and Düsseldorf, Germany
Cable Trade Fair in
Düsseldorf, Germany
from 16-20 April
2018.
16-20 April 2018
ATOMEXPO
Sochi, Russia
ISKRAEMECO and
African Elsewedy Electric
Utility Week participated in the
African Utility Week
CapeTown, Exhibition from
South Africa 15-17 May in Cape
Town.
Power Nigeria
Lagos, Nigeria
WETEX
Dubai, UAE
November 2018
December 2018
Intra-African Trade Fair is the first of its kind in Africa, consisting of a 7-day trade fair that
provides a platform for sharing trade, investment and market information and enabling
buyers and sellers, investors and countries to meet, discuss and conclude business deals.
EGYPT’S
GREEN
ENERGY
FUTURE
Interview with Dr. Mohamed El Khai-
yat, the Executive Chairman of the
Dr. Mohamed
New and Renewable Energy Authority
El Khaiyat
1. At the beginning, please tell us about courage the use of local products, but the
the cooperation between NREA and company’s cable has the highest quality
Elsewedy Electric. standards and all contractors trust it, and
they have our trust as a customer.
We cooperate with Elsewedy Electric in
two ways: the first is direct cooperation, 2. What are the coming projects in the
when Elsewedy Electric is involved as a field of renewable energy in Egypt?
key party with the Ministry in any energy
production and/or distribution agree- - In the coming period, we have two types
ment, such as megaprojects for power of renewable energy projects: private sec-
generation established by Siemens, in tor projects, which represent the majority
addition to some power transmission of projects in Egypt. The most impor-
projects including the supply of transmis- tant project of this type is the Benban
sion lines and transformers. The second Park for Solar Energy in Aswan, with a
way we cooperate is through the partner- total capacity of 1465 megawatts. We’ve
ship between NREA, Elsewedy Electric already connected 19 projects within this
and Masdar in the 200-megawatt project park to the national grid and they are all
at Suez Gulf. Elsewedy Electric will be operational. We still have another 15 pro-
also involved as cable supplier for all jects under construction or in the phase
renewable energy projects, including the of commissioning, but will be completed
wind farm at El Zaafarana, Zeit Bay and by August 2019. The role played by the
Suez Gulf projects. We rely on Elsewedy private sector in this park is quite obvious
Electric cables, not only because we en- and crucial, including local cable and
SUSTAINABLE
QUALITY
Employee safety is a
priority for Elsewedy
Electric Group.
In 2018, there has
been a significant
improvement in the
safety performance
of the company.
Sustainability as a journey
In order to guarantee a strong commitment both in- The sustainability strategy is the result of an analysis
side and outside the company, in 2018 the company that considered the context both externally, through
sustainability strategy was defined to include: the identification of the main trends in the global
• Strategic priorities concerning sustainability; and sector context, and internally, i.e., the priorities
• The related medium-long term targets (to 2022); expressed by the Remuneration, Appointment and
• A set of qualitative-quantitative performance indi- Sustainability committee of the top management.
cators aimed at constantly monitoring the progress
of the Group’s sustainability;
• A set of actions that are updated annually based on
the results achieved
2019
»» Energy Management system I
SO 50001
»» Obtain ISO 450001 certificates 2020
»» Waste management system
»» Carbon footprint
»» Carbon footprint
»» ISO standard for all companies
»» Obtain Social responsibilities
»» Obtain ISO 14067 for companies SA 8000
»» Obtain ISO 50001
2021
»» Obtain ISO 50001
»» Environmental Management system
2022
»» Carbon footprint
»» Client Management data base
for sustainability
»» Obtain ISO 50001 for companies
SUSTAINABLE QUALITY
SAFETY BREEDS
EXCELLENCE
Employee safety is a priority for Elsewedy Electric Group.
In 2018, there has been a significant improvement in the
safety performance of the company.
Group HSE training. Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
JOURNEY
TO
ACCIDENTS
ZER 0
In 2018, Egytech, subsidiary of Elsewedy Electric, recorded zero
lost time accidents for the first time in its history. This accom-
plishment was made possible because of the dedication of all
employees and the company’s commitment to implementing the
highest safety standards and procedures. Here’s how they did it.
Employee Awareness
Several safety training activities such as fire protection, lifting,
were conducted across EgyTech, firefighting, design and maintenance
including safety leadership training of fire systems. This company-wide
for managers and supervisors, safety focus on safety training led to
trainings for employees, as well as improved safety awareness across all
specialized and topical trainings levels of the company.
30
25
20
15
10
0
2016 2017 2018
STA1 Lab
nder the title “Economic inclusion of young The main focus is on modernizing the 3-years
women and men through improved access to program “Industrial Electronics Technician” and
high quality dual education and training in to enrich it with content from German training
Egypt” the European Bank for Reconstruction program. Beyond that the STA is supported to
and Development (EBRD) promotes a two-year promote and enhance gender mainstreaming,
development project for the introduction of Ger- taking into account their already on-going efforts
man standards of technical education and train- in this area at STA.
ing at the Elsewedy Technical Academy (STA). Three main areas are noteworthy in this project.
TECHNICAL EDUCATION
Elsewedy Technical
Academy Launches
Second Phase
On the 24th of September was
the official opening of the second
branch of Elsewedy Technical
Academy STA2 , at 10th of Ram-
adan City. The conference was
attended by Dr. Tarek Shawki,
the minister of Education, The
Ambassador of Switzerland Paul
Garnier, the Governor of Al Shar-
keya Dr. Mahmoud Ghorab and
The vice-president of the Europe-
an bank for reconstruction and
reconstruction, and a number of
leaders of Science and diplomacy
who were all welcomed by Eng.
Ahmed El Sewedy.
Elsewedy Technical
Academy STA2
Elsewedy Electric
helps saving lives
through early
diagnosis with
SpyGlass DS
T
The SpyGlass™ DS System
After launching SpyGlass DS in El Kisr El Einy
he SpyGlass DS System ena- many professors have been trained and certified
bles high resolution imaging by experts from Humanities Hospital in Milano,
and therapy during an en- Italy to use this new technology and teach an-
doscopic retrograde cholan- other young doctors (assistant Prof) to use this
giopancreatography (ERCP) technology across Egypt.
procedure to target biopsies
and fragment stones, which Finally, we closed this project with success story
may result in more efficient evaluation and help when we invited Prof. Alessendro Repici, head
reduce the need for additional testing and repeat of GIT department in Humanities hospitals Mi-
procedures compared to traditional ERCP and lan, Italy and one of the top doctors in Europe in
enable patients to receive early treatment. The this field, to attend a workshop specific for this
system enables direct visualization of the bile technology in October 2018 at El Kisr El Einy.
and pancreatic ducts and can help obtain biopsy During the workshop four case studies were
specimens, lead to the diagnosis of abnormali- presented to give the Egyptian team confidence
ties, and guide stone therapy. and a strong start using the SpyGlass DS System.
screening device
the Middle East & Africa. It started in 1969
with the capacity of 250 beds now it accepts
250,000 in a year 4,000 of which are Breast
at the early detec- Cancer. One of the first initiatives to prevent
this is launching the prevention & detec-
tion unit of The tion unit in 2003. Still this was not enough
because of the very high traffic, so more
National Cancer equipment was needed in order to serve more
women.
AUTISM
AWARENESS
DAY
2nd April
Switzerland Ambassador Paul Garnier and The Elsewedy Electric was awarded for its high impact in Vo-
Swiss-Egyptian Business Association (SEBA) hosted its cational and technical education in Egypt which is one of
2019 annual business awards gala dinner. the CSR project since 2011.
This year the focus is to recognize the role of the private Ambassador Paul Garnier highlighted the importance
sector, government and NGOs to ensure inclusive and of technical and vocational training and the role of the
equitable quality education, empower inclusion disabili- Swiss government and companies in Egypt. His excellen-
ties and support learning programs. cy referred to the project of the Swiss government, EBRD
and STA in upgrading the vocational curricula in Egypt.
The Awards were divided into 2 categories:
• Social responsibility awards for companies focusing on
education
• Influential individuals in disabilities Education
Elsewedy Electric Magazine | 87
Sustainability
Golden Award
for Iskraemeco’s Fair Meter innovation
Iskraemeco’s Fair Meter project has re- original idea behind Iskraemeco’s inno- ect team members and, gradually, other
ceived the company’s second consecu- vation was to make an electricity meter employees.
tive golden award for innovation by the that applies the fair economy principles.
Chamber of Commerce and Industry of The concept behind the original Fair Iskraemeco’s three-tier sustainability
the Republic of Slovenia. The solution Meter, AM550, has evolved into a com- strategy is aimed at building a culture
that earned the highest national award prehensive company-wide sustainable of sustainability across the company, its
for innovation is based on the integra- development strategy, which integrates supply chain and partnerships. The main
tion of sustainable development into the the principles of sustainability and circu- focus of the Fair Meter is raw materials,
company’s business model and strategy. lar economy into the company products their origin, labour standards and the
The project focuses on Iskraemeco’s ac- and processes across all levels. This solu- promotion of higher industry standards.
tivities across the supply chain and on tion has put Iskraemeco at the forefront Other important components include
raising awareness on the issue among of companies who are embedding sus- education, training and raising aware-
customers, industries and in the broader tainability into their business operations. ness on the issue among customers,
business environment. suppliers and other stakeholders.
The award-winning innovation has
At the 16th Innovation Day at Brdo pri considerably increased the company’s Iskraemeco’s key activities in this regard
Kranju the Chamber of Commerce and innovativeness as it introduces an en- include training for suppliers and cus-
Industry of the Republic of Slovenia tire range of technological and process tomers, knowledge sharing, awareness
presented its nation-wide awards for novelties. The success it has achieved raising, participation in public debates,
the best innovators and companies. The has fuelled the motivation of the proj- and mentoring of other companies
Team
Spirit
After a year in action, it is time of the year when it comes Meanwhile all EETD employees celebrated the new year
to celebrate the good results and the achieved milestones day in Head Office as well as all company’s sites “domes-
in 2018. tic and overseas”, the employees morale was at the top,
Mr. Medhat Maher the MD choose the first day of 2019 memory gifts was granted to tombola winners.
to acknowledge EETD management team on their per- The celebrations comes to proof that recognition became
formance during 2018 and to celebrate with them the an ingrained part of EETD culture, the atmosphere of
big achievements, Dr. Nibal Eltantawy the VP corporate trust is one of the most important management concerns
Strategy and Human Capital has honored the celebration in 2019.
by her attendance as Elsewedy Electric Board delegate, The celebrations atmosphere was very encouraging and
Dr. Nibal shared Mr. Maher in delivering the recognition friendly, everybody was happy and excited with the event
awards to the team in a half day ceremony. as you can see in the photos.
Capital
chines nor the products ... our
strength is our people, our ex-
pertise, experience and the hu-
man capital that can positively
influence the future.
Goal Settings
Corporate goals for 2019 was launched in February
2019 and cascaded to all businesses; focusing on
Growth, Customers Perspective, Internal business
processes and organization skills. This year the man-
date is for every employee to receive clear goals and
subsequently prepare individuals’ goals & objectives.
Elsewedy Electric
Wins the “Highest
Talent Engagement”
Award
Bayt.com; the leading HR online platforms in the Middle East has
awarded Elsewedy Electric Talent Acquisition team “The Highest Tal-
ent Engagement” award. This is in recognition to the activities under-
gone in responding to all applicants’ requests throughout 2018 and
2019, which proves how Elsewedy Electric is one of the most attrac-
tive employers in the Middle East region.
HR
“GROW”
prepare and invest in the high potential Supervisors and
first-time Managers to effectively assume future mana-
gerial roles and create Elsewedy Electric’s internal pool of
future leaders. The program kick-off event was on January
Elsewedy Electric
16th, 2019, comprising 70 top performers nominees who
were shortlisted through an intensive assessment center
to 30 high potential future leaders. Through a journey of 8
Future Leaders
months, those 30 talents have been enrolled in a develop-
ment program that covered many areas such as: Leadership
practices, business simulation, hands-on projects, and re-
al-life and business case studies. The Program’s graduation
ceremony will take place in September 2019.
Spark – Employee
Recognition Program
The program’s main purpose is to promote the recognition culture
within Elsewedy Electric through empowering managers to recognize
their teams ensuring exemplary behavior and positive business results.
The program emphasizes the importance of “Values & Teamwork”.
The program encompasses 4 main programs:
• Value-based recognition
• Project-based recognition
• Instant/On-spot recognition
• Tenure recognition
Award types are: Bronze, Silver, Gold, and Platinum. Ranging from
cash awards, shopping vouchers, recognition certificates, “Thank you”
cards up to a memorable overseas trip to an exotic location.Two Annu-
al Awards will be available to both individuals & the teams.
Wires & Cables Turnkey Projects Meters Transformers Other Electrical Products
42.5 bn
Consolidated Revenues FY 2018
EGP
1%
6bn EBITDA FY 2018
EGP
22%
7.2 bn
Gross Profit FY 2018
EGP 20%
4.9 bn
Net Profit FY 2018
EGP 22%
STOCK INFORMATION
• INCORPORATION: Egypt Wires & Cables
• SECTOR: Industrial Manufacturing Elsewedy’s primary wires & cables segment recorded revenues of
• INDEX: EGX 30 23,614.3 million EGP during FY 2018, representing a 5.1% increase y-o-y.
• FULL LISTING: The Egyptian Exchange (SWDY.CA) Volumes sold during the year grew marginally by 1.2% y-o-y to 123,564
tons in FY 2018 from 122,082 tons during FY 2017. The segment’s gross
• ISSUED SHARES: 2,184,180,000 shares
profit for the year fell by 32.7% y-o-y, posting EGP 3,183.9 million, in- line
• FREE FLOAT: 32%
with a 29.7% y-o-y drop in gross profit per ton to a normalized level of EGP
• SHARE PRICE: (31 Dec 2018) EGP 18.04 19,108 per ton. The resulting gross profit margin for the segment fell to
• MARKET CAPITALIZATION: EGP 39.04 bn 13.5% for FY 2018, after recording 21.0% in FY 2017.
Turnkey Projects
Turnkey projects revenues amounted to EGP 13,172.2 million during FY 2018, declining by 14.6% y-o-y compared to EGP 15,422.4 million
posted in FY 2017, while backlog grew by 92% year-on-year to EGP 57.6 billion as at 31 December 2018.
The contribution of turnkey projects to the company’s consolidated top-line fell to 31.0% in FY 2018 from 35.9% in FY 2017. The segment’s
backlog stood at EGP 57.6 billion as at 31 December 2018, up by an exceptional 61.8% quarter-on- quarter from EGP 35.6 billion as at EGP
57.6 billion. Gross profit for the year came in at EGP 2,366.8 million representing a 16.4% decline y-o-y. The segment yielded a GPM of
18.0% in FY 2018 compared to 18.4% recorded in FY 2017.
Meters
Revenues from metes expanded by 8.7% y-o-y recording EGP 3,199.9 during FY 2018 compared to FY 2017 revenue of EGP 2,945.0 mil-
lion. The segment contributed 7.5% of Elsewedy’s total top-line in FY 2018, up from 6.9% during the same period last year. Growth for the
segment was driven by higher prices, while volumes sold contracted by 3.7% y-o-y to 3,640,554 meters as at year-end 2018. The segment’s
gross profit grew by 9.6% y-o-y to EGP 826.0 million in FY 2018 on the back of a 13.9% y-o-y increase in gross profit per meter to EGP 227
in FY 2018 from EGP 199 in FY 2017.
Transformers
The transformers segment was the highest growing segment in the company with revenues recording an impressive 37.0% y-o-y growth to
EGP 1,680.9 million. Top- line growth for the segment came on the back of a 30.8% y-o-y increase in volumes to 8,406 MVA in FY 2018 from
6,425 MVA in FY 2017. Despite this, gross profit declined by 4.7% y-o-y to post EGP 419.8 million in FY 2018 due to a 27.2 y- o-y decline
in gross profit per MVA to EGP 49,941.
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