Addis Ababa, Ethiopia – (African Boulevard News) – In a move aimed at bolstering Ethiopia’s power supply infrastructure, two Indian companies, Lucky Global Projects and Cabcon, have emerged as the winners of a $22 million power supply contract. The contract was awarded to the consortium on 26 October 2023, cementing the partnership between Indian and Ethiopian companies in the renewable energy sector.
The contract, which comes as part of Ethiopia’s ambitious plan to expand its power generation capacity, involves the construction of transmission lines and substations. Lucky Global Projects and Cabcon, both well-established players in the power and infrastructure sector, will work together to ensure the successful implementation of the project.
The decision to award the contract to the Indian consortium was based on their proven track record of delivering high-quality projects on time and within budget. The companies’ expertise in the field of power supply infrastructure, coupled with their commitment to sustainable development, made them the ideal choice for this crucial project.
According to industry experts, this contract not only strengthens the ties between India and Ethiopia but also highlights the increasing role of Indian companies in the development of Africa’s power sector. With their technical know-how and experience in renewable energy, Indian companies are well-positioned to assist Ethiopia in achieving its goal of becoming a regional power hub.
Commenting on the contract award, a representative from Lucky Global Projects said, “We are honored to be selected for this important project in Ethiopia. We are committed to delivering a world-class power supply infrastructure that will contribute to the economic growth and prosperity of the Ethiopian people.”
The partnership between Lucky Global Projects, Cabcon, and the Ethiopian government is expected to create job opportunities and promote technological transfer. Furthermore, the project will help strengthen Ethiopia’s power transmission and distribution network, reducing energy losses and improving overall efficiency.
As Ethiopia continues to prioritize the development of its renewable energy sector, partnerships with international companies like Lucky Global Projects and Cabcon are crucial. This contract win not only signifies the trust placed in Indian companies but also showcases Ethiopia’s commitment to sustainable development and its drive to become a regional leader in renewable energy.
In conclusion, the $22 million power supply contract awarded to Lucky Global Projects and Cabcon marks a significant milestone in Ethiopia’s efforts to enhance its power infrastructure. By leveraging the technical expertise of Indian companies, Ethiopia is poised to improve its power transmission and distribution network, paving the way for economic growth and development.
