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Nov 09, 2007 14:12 EEST
ZAGREB (Croatia), November 9 (SeeNews) – Croatian blue-chip power transmission equipment maker Dalekovod said on Friday it will sign a deal worth 159 million kuna ($32 million/22 million euro) to build a transmission line in eastern Croatia.
The deal concerns the construction of a 2x400 kilovolt transmission line from Ernestinovo in eastern Croatia to the Croatian border with Hungary, which will be part of a transmission line between Ernestinovo and Pecs, southern Hungary, Dalekovod said in a statement.
“This transmission line is of strategic importance to create infrastructure preconditions for steady provision of electricity for the regions of Slavonia and Baranja [in eastern Croatia] and is of big international importance as it lies on the priority international energy road north-south,” it added.
Dalekovod will sign the deal with transmission system operator HEP Operator Prijenosnog Sustava on November 14.
The deadline to complete construction is December 1, 2009.
The shares of Dalekovod traded at 1,590 kuna on Friday by 1150 GMT on the Zagreb Stock Exchange, up from Thursday’s closing of 1,575 kuna.
(1 euro=7.3355 Croatian kuna)
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