Energoinvest, the largest Bosnian engineering group said today that it had won a contract to build a 230 kV power transmission line in Ethiopia at a cost of 45 million dollars.
According to Energoinvest, the contract was awarded by the Ethiopian Electric Power Corporation (EEPC). The contract will be officially signed between EEPC and Energoinvest in two wekks time. The company said that the project was scheduled to be completed within two years.
The EEPC has said it aims to produce 20,000 megawatts of power in the coming ten years, part of a plan to spend 12 billion dollars over 25 years to increase power generating capacity and become a major exporter in Africa.The contract is the latest in a series of international contracts for the Bosnian company which is struggling to recover from the impact of Bosnia's 1992-95 war and to regain footing in former markets such as in Asia and Africa.
Energoinvest, which produces electrical power and technological processing equipment, was one of the largest exporters in the former Yugoslavia, with an annual turnover of about 2.5 billion dollars.
Source: Reuters
