The Ethiopian Electric Power Corporation has awarded two contracts to AECOM, a leading provider of professional technical management support services for government and commercial clients internationally. The contracts have a total value of 14.1million US dollars.

The first contract is for a project financed by the World Bank. Under this agreement AECOM will evaluate and revise tender documents, carry out a design appraisal of contractors' deliverables.  AECOM’s work will also include the upgrade of existing electrical substations in Addis Ababa, north, northwestern, north eastern, southern and eastern parts of the country.

The second contract is funded by the African Development Bank and aims to supply sustainable power for the eastern northern and southern regions of the country as well as facilitating energy exports. The provider will be involved with system improvements including the building of 589 miles of 230-kilovolt overhead transmission lines. AECOM will also construct substation extensions, including new 230-kilovolt substations; and refurbish and upgrade existing substations.

"We look forward to applying AECOM's global expertise to these two important projects that will advance quality of life," said AECOM Chairman and Chief Executive Officer John M. Dionisio.

AECOM is a Fortune 500 company, serving clients in approximately 125 countries with estimated revenues of $7.7 billion. AECOM supplies a mix of international reach, local knowledge, originality and technical superiority in delivering solutions that create, improve and sustain the world's natural and social environments.

SOURCE: Market Watch