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Sep 18, 2009 19:09 EEST
September 18 (SeeNews) - Croatian blue-chip power transmission equipment manufacturer Dalekovod said on Friday that tie-ins led by the company have won two contracts worth a combined 60.7 million euro ($89.2 million) in Bosnia and on its home market.
Dalekovod, in a consortium with the Croatian unit of global engineering company ABB, has won a 1.1 million euro deal to deliver and install a 220 kilovolt cable for Elektroprivreda Hrvatske Zajednice Herzeg-Bosne (EPHZHB), one of the three state-owned power utilities in Bosnia, Dalekovod said in a filing with the Zagreb Stock Exchange (ZSE).
The project, financed by the European Investment Bank (EIB), should be completed in 15 months, the statement said.
Bosnia’s biggest power utility, Elektroprivreda BiH, operates in the Muslim-Croat Federation, one of the country's two post-war autonomous parts. The smallest utility, EPHZHB, also operates in the Federation, while Elektroprivreda RS is the power utility of the Serb Republic, Bosnia's other autonomous part.
Dalekovod has been notified that an offer for the construction of gas mains extended in partnership with Italian pipeline builder Ghizzoni has been accepted by Croatian gas transmission company Plinacro, Dalekovod said in a separate ZSE filing on Friday.
The partnership will build the following pipeline sections in the Lika/Dalmatia region: section II of the transmission system from BS-2 Josipdol to MCS-3 Gospic worth 27,811,031 euro; and section II of the transmission system from MCS-3 Gospic to PC/MRS Benkovac DN 500/75 worth 31,765,636 euro.
Plinacro, as the project investor, has secured funding from the EIB, the statement said.
Dalekovod (www.dalekovod.com) further said in the statement it will carry out the construction works on the gas mains while Ghizzoni will be in charge of the mechanical engineering works.
Dalekovod shares were not traded by 1400 GMT on Friday. They closed at 428.90 kuna ($86/59 euro) on Thursday, up 0.09% from their previous close.
(1 euro=7.2933 Croatian kuna)
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