Serbia’s Energoprojekt Holding Signs 26 Mln Euro Deals in Kazakhstan, Africa

The company has sealed three contacts worth a total of 11.5 million euro in Kazakhstan, a $7.4 million deal in Ghana, and two contracts worth a combined 9.4 million euro in Nigeria, it said in a filing to the Belgrade bourse.

The holding’s subsidiary, Energoprojekt Visokogradnja Building and General Constructing Co. Ltd, signed two new contracts with Almaty-based firm Oil Real Estate at the end of November to design and build a 6,120 square metres expansion of a hotel complex on the Caspian Sea and to design and build a children playground including a swimming pool, as a part of a recently  opened shopping and recreation centre in the city of Aktau.

Energoprojekt Visokogradnja Building and General Constructing Co. Ltd also signed a contract with Aktau-based company Mangistaumunajgas for repairing works on a five-star hotel/villa project.

Another subsidiary, Energoprojekt Ghana Ltd., signed at the end of October a $7.4 million contract for the construction of a business complex in the city of Tema in Ghana. The project covers an area of 7,000 square metres and is financed by Accra-based privately held company American Resources Limited.

A third subsidiary, Energoprojekt Oprema Electrical and Mechanical Engineering Co., signed a 4.9 million euro deal for procurement and delivery of equipment and materials for the construction of a Senate building in Nigeria.

It also signed a 4.5 million euro contract for the procurement and delivery of equipment and materials for the construction of public lighting on the highway connecting the capital of Nigeria, Abuja, with the city airport.

Energoprojekt Oprema Electrical and Mechanical Engineering Co. is implementing the two contracts in Nigeria jointly with German company  Bilfinger Berger.

On Wednesday, Energoprojekt Holding stock fell 4.54% to 799 dinars ($12/8.4 euro) in the day’s highest turnover of 1.9 million dinars.

(1 euro=95.546 dinars)