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Bosnia’s Energoinvest completes 400 kV power line in Tanzania

Feb 20, 2024, 4:40:50 PMArticle by Dragana Petrushevska
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February 20 (SeeNews) - Bosnian majority state-owned engineering company Energoinvest [SAJ:ENISR] said it has completed the construction of a 400 kV transmission line in Tanzania as part of a deal with Tanzania Electric Supply Company Limited (TANESCO) worth $40 million (36.9 million euro).

Bosnia’s Energoinvest completes 400 kV power line in Tanzania
Lisa S./Shutterstock.com

The transmission line from Arusha to Namanga is part of a Kenya-Tanzania power interconnection project, Energoinvest said in a press release in December.

In the project, Energoinvest provided design services, procurement, construction works, and commissioning on a turnkey basis.

Energoinvest's shares last traded on the Sarajevo bourse on December 18, closing flat at 0.96 marka ($0.53/0.49 euro).

(1 euro = 1.956 marka)

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