November 1 (SeeNews) - Turkey's Anel Elektrik Proje Taahhut ve Ticaret [BIST:ENELE] said Friday it has signed contracts worth $102.6 million (76 mln euro) to carry out all the electrical and mechanical works related with an olympic stadium under construction in Azerbaijan's capital Baku.
The contracts, including a $69.2 million agreement for electrical works and a $33.4 million contract for mechanical works, follow a letter of intent for electrical works signed with Turkish firm Tekfen Insaat ve Tesisat, which is the general contractor for the project, Anel Elektrik said in a bourse filing.
Anel Elektrik Proje specializes in building electrical and electronic projects as well as operating and maintaining electrical and mechanical systems for airports, banks, hotels and other clients.
($ = 0.741 euro)