GS E&C wins $14m order from Tanzania

GS Engineering & Construction Corp., South Korea’s fourth-largest builder, said Thursday that it has won a $14 million order to build a power line and a substation in Tanzania.

Under the deal with Tanzania Electric Supply Company, GS E&C will build a 70 kilometer-long power line that links Kilimanjaro to Arusha, the two regions in northern Tanzania.

The South Korean company will also set up a 132 kV substation in Kyungi as part of the contract designed to provide a stable supply of power to the electricity-starved African country.

The project is financed by the Economic Development Cooperation Fund of South Korea’s state-run Export-Import Bank meant to assist economic development in developing countries.

Construction of the project is set to be completed in March 2014, according to GS E&C. (Yonhap News)