Date: September 2021

Elsewedy Electric S.A.E., with Toyota Tsusho Corporation (TTC), celebrated the completion of the EPC contract of four gas-insulated switchgear (GIS) substations, 400/132/11 kV in Southern Iraq, giving timely support to the Iraqi government’s ambitious plan to put an end to chronic power shortages.

In a ceremony held in Basra on September 2^nd, 2021, witnessed by officials of the Government of Iraq; The Honorable, Asaad Al-Eidani, the Governor of Basra with Ziyad Ali Fadel, the Director of the General Directorate of Electricity Transmission in the South Region joined by the President and CEO of Elsewedy Electric, Ahmed Elsewedy, TTC Project Manager, Yasuhiro Hidaka, and Hesham Hegazy, CEO of Elsewedy Electric PSP, to officially inaugurate Shat Alarab substation in Basra as the last substation connected to the Iraqi grid.

The $520 M EPC+Finance contract was signed in 2018 between the Iraqi Ministry of Finance and The Japan Bank for International Cooperation (JBIC). The implementation of several works was completed before schedule despite the constraints of the Covid-19 pandemic.

Hesham Hegazy, the CEO of Elsewedy Electric PSP said: “Iraq is one of the very important markets where we started our business in 2013.”

“The time of the pandemic was very difficult but we were the only company that proceeded forward in their progress and their success record”, Hegazy added.

Mohamed Emam, Project Manager at Elsewedy Electric PSP, said “1200 Iraqi engineers and technicians, as well as 180 Egyptian engineers and technicians, have participated in the implementation works.”

Hiroki Namikawa, General Manager of Energy infrastructure projects department at Toyota Tsusho Corporation, said “This was the first time for us to work together with Elsewedy Electric PSP in Iraq. and we look forward to contributing to the reconstruction and development in Iraq with this remarkable partner Elsewedy Electric PSP.”

Currently, Elsewedy Electric is in a consortium with Toyota Tsusho Corporation, building New Babil 400/132 kV substation, under Japan International Cooperation Agency (JICA) finance.The substation is scheduled for completion in March 2022.