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24 July 2006 - India's KEC International Ltd has won orders worth Rs5.2bn ($111.2m) from Kazakhstan Electricity Grid Operating Company and Abu Dhabi Water and Electricity Company (ADWEA).
The company has secured a Rs2.84bn order from the Kazakhstan-based firm for installing a 500 KV transmission line spanning over 250 km from Yukgres to Shu (Kazakhstan). The work also involves installation of 200 km of optical fibre
ground wire for telecommunication purposes.
The project has been funded by European Bank for Reconstruction and Development (EBRD), KEC International informed the Bombay Stock Exchange.
KEC has also won an order worth Rs2.29bn from the Abu Dhabi state-owned utility for supply and construction of two transmission lines for supplying power to the northern emirates of UAE.
The first, a 400 KV double circuit line, runs from Dhaid to Ras Al Khaima and spans over 64 km, while the second line is a 132 KV quad circuit line, which runs from Ras Al Khaima to Khor Khwair, spanning over 28 km.
The ADWEA Project has to be executed within 22 months. The Company has had a presence in Abu Dhabi for ten years and has already executed orders worth more than Rs.1100 crores for ADWEA.
"As part of our global diversification and business de-risking strategy, we are making conscious efforts to enter new markets every year. Last year, the company successfully entered Afghanistan and Ethiopia. With the Kazakhstan order, KEC has made its entry in the CIS group of countries," KEC International Managing Director Ramesh Chandak said.
Currently the company is engaged in executing orders in various countries like Libya, Tunisia, Algeria, Iraq, Kuwait, UAE, Saudi Arabia, Afghanistan, Lebanon, Kenya etc.
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