Power Grid consortium bags USD 21 mn contract from Ethiopia

 

 New Delhi: State-owned Power Grid Corporation- led consortium has bagged a USD 21 million contract from Ethiopian Electric Power Service

 

Corporation for undertaking its system upgrade.

 

Power Grid Corporation has bagged this two-year contract in consortium with state-run NHPC and private power distribution company BSES, a top

 

company official told PTI  .He said that the contract is for a period of two years.

 

"We have taken over the management of their hydro station, distribution and transmission for system improvement," the official said."We have not invested in overseas markets, either we have taken up consultancy assignments or supplied equipment abroad so the rupee

 

depreciation has not impacted us," the official said.

 

 

 

In another consortium, Power Grid Corporation has set up a joint venture company with the Nepal government, IL&FS and Satluj Jal Vidyut Nigam Ltd

 

for power transmission. The company proposes to invest close to Rs 94 crore for setting up Indo-Nepal transmission corridor.  Zee News