El Sewedy Electric Highlights Julius Nyerere Dam Achievements
Engineer Ahmed El Sewedy, CEO of El Sewedy Electric, stated that the Julius Nyerere Hydroelectric Dam and Power Station project in Tanzania serves as a global testament to the efficiency of Egyptian companies and their skilled professionals. It was executed through a partnership with Arab Contractors at a cost of approximately $2.9 billion, with an production capacity of up to 2,115 megawatts. The project's goal is to support Tanzania's economic development by generating electricity and enhancing the industrial and agricultural sectors. El Sewedy Electric also emphasizes the success of Egyptian companies in implementing large-scale strategic projects outside Egypt, particularly in Africa. Furthermore, El Sewedy Electric plans to achieve an annual growth rate between 20% and 25% in the coming years, alongside establishing new factories and developing industrial zones in Tanzania to strengthen the country's position as a regional hub.
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