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EEPCo, Indian companies
sign $31 mln contract to electrify 382 rural towns here |
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ADDIS
ABEBA(August 11,2008)
- Two Indian companies, IRCON International Limited and National
Contracting Company Limited (NCC), last week signed contracts with
the Ethiopian Electric Power Corporation (EEPCO) amounting to USD
31 million to electrify rural towns and villages in Ethiopia.
With the purpose of extending the national grid in northern, north-western,
southern, western and central part of Ethiopia, the project, financed
by the World Bank was said to electrify the towns and villages by
performing extension of 17 substations and construction of distribution
lines, benefiting approximately one million inhabitants, according
to statement from the Indian Embassy here.
Estimated to be completed in 18 months time, the contract project
envisages complete design, supply, testing and commissioning of 17
substations.
The statement noted that in the last six months various Indian companies
received Suppliers Credit amounting to USD 100 million through Indian
commercial banks supported by the Export Credit Guarantee Corporation
of India (ECGC) to execute various electricity projects in Ethiopia.
Good Luck Steel Limited has got USD 8 million for the supply of transformers
to EEPCO.
In addition, in the Southern Nations, Nationalities and Peoples' Regional
State Hagere Mariyam a rural electrification project was successfully
completed through the first Indian Line of Credit of USD 65 million,
the statement reminded.
At the signing ceremony Meheret Debebe, General Manager of EEPCo appreciated
Indian companies for their professional approach and expressed his
desire to have more Indian companies working With EEPCo. Indian Ambassador
to Ethiopia, Gurjit Singh, also congratulated and complimented the
Indian companies on the occasion for their commitment and positive
intent towards the project and wished them all success for completing
it efficiently, it was learnt.
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