September 06, 2008

KEC bags two new TLT orders in Saudi and Namibia

KEC International Limited has announced that it has bagged two contracts in Saudi Arabia and Namibia worth INR 260 crores and INR 140 crores respectively through an international competitive bidding process.

In Saudi Arabia, the contract, to be completed in 22 months, is for the Saudi Arabian Mining Company MA'ADEN. It is a turnkey job of 380 KV double circuit transmission lines of 123 kilometers length connecting Saudi Arabia Electricity Company's substation to MA'ADEN Power Plant Site at Ras Az Zawr.

In Namibia, the Company has been awarded a turnkey job of 350 KV double circuit bipolar HVDC transmission lines of 306 kilometers to Zambezi for NAMPOWER. This project has a completion period of 22 months.

Mr Ramesh Chandak MD of KEC International Limited said "Both these orders are very significant for KEC. The Saudi Arabian contract is from a mining Company which marks an expansion of our client base from the current clientele which largely comprises of utilities. The turnkey job in Namibia along with a tower supply order obtained earlier in South Africa, marks our full fledged entry into the South African Development Council market. With this entry, KEC can now boast of complete geographical coverage of the African continent.”