Vinci Wins EUR197 Million Contract in Senegal
By Marc Navarro Gonzalez
Vinci SA's (DG.FR) subsidiary Vinci Energies has won a 197 million euro ($245.3 million) contract to expand the electricity grid in Senegal, the company said on Friday.
Vinci said Senegal's national electricity company Senelec has awarded the contract to its subsidiary Vinci Energies' brand Omexom.
The contract is financed by a banking pool of French and Senegalese lenders and is backed by the French authorities, the construction and infrastructure operator said.
Vinci said the contract includes the installing of five extra-high-voltage transformer stations, nearly 200 km of extra-high-voltage transmission lines, over 100 distribution substations and a regional load dispatch center.
It is expected that the works will take up to 36 months to complete, the company said. The project is part of Senelec's program to expand the electricity grid in the country and it will take place in the cities of Dakar, Diass, Diamniadio, Thies, Kounoune, Tobene and Tambacounda.
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(END) Dow Jones Newswires
February 02, 2018 12:37 ET (17:37 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.