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Energoinvest to Build 150 km of Power Line in Ethiopia

Energoinvest, the largest Bosnian engineering group, and the Ethiopian government signed 45 million dollar contract this week for the building of 150 kilometres of electric power transmission lines.

The works are scheduled to be completed in two years according to the Ministry of Foreign Affairs of Bosnia and Herzegovina.

The contract was signed by Meheret Debebe, general manager of the Ethiopian Electric Power Corporation and Dzemal Vlahovljak, general manager of Energoinvest.

Energoinvest won the contract on July 21.

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: Ekonom:east Media Group