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India-headquartered Bajel Projects, part of Mumbai-based Bajaj Group, has signed a contract with Egyptian Electricity Transmission Company (EETC) to construct two sections of a 500kV overhead transmission line in Egypt.

In a filing with India's National Stock Exchange, the company said the contract covers lots one and five of the project and is valued at approximately $46m.

The agreement was signed at a ceremony in Cairo on 22 July, attended by Egyptian and Indian officials including India's ambassador to Egypt, Suresh Reddy.

Bajel Projects will execute the engineering, procurement and construction works for the two transmission line sections.

In October 2025, MEED reported that state-owned EETC had retendered a contract for the construction of the 500kV Ektsadiya overhead transmission line.

The line will run from the El-Eqtesadia substation in Suez Governorate to the S4 substation, using quadruple-bundle all-aluminum alloy conductors and an optical ground wire.

Egypt previously cancelled the original tender covering three separate lots, as MEED exclusively reported. Under the expanded scope, construction of a 187-kilometre (km) high-voltage overhead transmission was divided into five lots:

• Lot 1 covers 37.5km
• Lot 2 covers 37km
• Lot 3 covers 37km
• Lot 4 covers 38.5km
• Lot 5 covers 36.5km

EETC said at the time that the retender would allow bidders to submit offers for all lots rather than being restricted to a single package.

MEED understands that at least nine firms submitted bids for the project in December 2025.

The scheme will support the evacuation of 2.1GW of renewable energy from the Gulf of Suez region to the national grid.

The development forms part of EETC’s wider grid‑reinforcement plan under Egypt’s National Water, Food and Energy initiative. EETC operates as a division of Egypt’s Electricity & Energy Ministry.

READ THE JULY 2026 MEED BUSINESS REVIEW – click here to view PDF

Stress test for Gulf aviation; Mixed performance as country outlooks diverge in the Levant; GCC tourism sector pivots from crisis to recovery mode.

Distributed to senior decision-makers in the region and around the world, the July 2026 edition of MEED Business Review includes: