By IANS
Mumbai : Sterlite Technologies Ltd, a power conductors and optic fibre cable manufacturing major from Maharashtra, Monday said it has bagged a $17.5 million contract from the Ethiopian Electric Power Corporation (EEPCo) for manufacturing power transmission conductors.
As per the agreement, Sterlite Technologies will deliver the supplies of AAAC power transmission conductors from April 2008 to September 2008.
According to a Sterlite spokesperson, the company would be manufacturing and supplying for over 17,000 km of AAAC conductors, which they would be installing in the 4,000 km route length of the Accelerated Electrification Programme (AEP) being executed under World Bank funding in Ethiopia.
Sterlite currently controls 14 percent of the power transmission conductor products market in Africa and the Middle East.
Pravin Agarwal, director of Sterlite Technologies, said: “We are honoured to partner with EEPCo for this project. EEPCo adds to our list of our clients from the region that includes reputed companies like SONELGAZ-ONELGAZ (Algeria), EEPCo (Ethiopia), KPLC (Kenya), PHCN (Nigeria), ESKOM (South Africa) and FEWA (UAE).”
According to the company’s statement, for the nine months in fiscal 2007-08, Sterlite’s export sales for its power conductors accounted for about 35 percent of total revenues from sale of its power conductor products.
Sterlite has managed to have a complete range of power transmission conductors at extra high voltages (400-800 kV), high voltages (66-220 kV) and power distribution conductors (11-33 kV).
In India, the company currently supplies about 27 percent of the total demand for power transmission and distribution conductors.
The company presently has a cumulative manufacturing capacity of 115,000 metric tonnes, making it the largest manufacturer in India and amongst the top five global manufacturers of power conductors.