KEC International bags 380cr order in Kazakhstan

Mumbai, June 5: KEC International has bagged a Rs 380 crore (approx USD 94 million) order in Kazakhstan.

The Company has been mandated to design, construct and commission a 475-kilometre transmission line of 500 Kv in the Ekibastuz-Agadyr section of the North-South Electricity Transit.

This World Bank-funded project will be executed over a period of 27 months for the Kazakhstan Electricity Grid Operating Company (KEGOC).

The Company, which has a current order book of over Rs 3000 crore, won this large order via the tendering process against strong competition from Japanese and Korean companies.

The Company already has an on-going project with KEGOC, valued at over Rs 260 crore, involving the design, construction and commissioning of a 500 Kv transmission line over 250 kilometres in the Yukgres Shu section of Kazakhstan's North-South Electricity Transit.

''This success is important to us. KEGOC is to Kazakhstan what Power Grid Corporation is to India. This is a very challenging project. Our people will be working under extreme weather conditions that could touch minus 45 degree centigrade,'' executive director (international business) Vimal Kejriwal said in a statement here.

''With this, our strategy of capturing market share in CIS countries has truly begun yielding results. We look forward to leveraging our Kazakh experience across Central Asia,'' he added.

UNI