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Nov 16, 2007 10:25 EEST
November 16 (SeeNews) - Croatian blue-chip power transmission equipment manufacturer Dalekovod said on Friday it has signed with the country's power utility HEP an 83 million kuna ($16.5 million/11.3 million euro) deal to build new powerlines and reconstruct existing ones in the Adriatic peninsula of Istria.
Under the contract, Dalekovod will reconstruct two stretches of the 110 kilovolt powerline Plomin-Rasa, build a new 110 kilovolt powerline to transformer station Tupljak, and upgrade another transformer station to switch to 110 kilovolt from 35 kilovolt, it said in a statement. The shares of Dalekovod closed at 1,621 kuna on Thursday on the Zagreb Stock Exchange, down 4.65%. The statement was released before trading began on Friday.
(1 euro= 7.3521 Croatian kuna)
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