Sterlite Technologies announces win of $17.5m contract from EEPCo Ethiopia at Middle East Electricity 2008

The contract is valued at $17.5m and as per customer requirements, the deliveries are scheduled from April 2008 through September 2008.

Sterlite was chosen as the sole manufacturer and supplier for over 17,000km of AAAC Conductors that will be installed in the 4,000km route length of the Accelerated Electrification Programme (AEP) Project being executed under World Bank funding in Ethiopia. Sterlite has built its market share to about 14% in Africa and the Middle East, with its power transmission conductor products sold in 32 countries across the region to reputed turnkey, utility and infrastructure companies such as SONELGAZ (Algeria), EEPCo (Ethiopia), KPLC (Kenya), PHCN (Nigeria), ESKOM (South Africa) and FEWA (UAE), to name but a few.

'We are honoured to partner with EEPCo for this project,' said Pravin Agarwal - Director, Sterlite Technologies Limited.

'With over a decade of experience of meeting the varying requirements of our customers in global markets, supported with state-of-the-art integrated manufacturing facilities, we believe that Sterlite is uniquely positioned to deliver significant value to all our business partners.'

Sterlite is a significant contributor to the global power sector through the manufacture of a complete range of power transmission conductors at Extra High Voltages (400kV - 800kV), High Voltages (66kV - 220kV) and power distribution conductors (11kV- 33kV). The Company has a cumulative manufacturing capacity of 115,000 MT (Metric Tons), making it the largest manufacturer in India and amongst the Top 5 global manufacturers of Power Conductors.

Internationally recognised as the power behind the Middle East Energy industry, and rated by exhibitors and visitors as the world's leading event of its kind, Middle East Electricity 2008 has attracted strong visitor traffic over the first two days of its four day run at Dubai International Exhibition Centre.

The show, which covers 34,000 square metres, is 17% larger than last year and features over 900 exhibitors from 55 countries plus 20 country pavilions - it runs through until Wednesday 13th February and is supported by the Federal Electricity and Water Authority and sponsored by C&S Controls and Switchgear, Clipsal, Eaton, Havells Sylvania, Jengan and Jubaili Brothers. The show is open from 10am to 6pm - admission is free for trade professionals.