A joint venture between state-owned Rail Vikas Nigam Ltd (RVNL) and private steel player Salasar Techno Engineering has secured a transmission project valued at approximately Rs 60 crore in the central African nation of Rwanda. The contract, awarded by Energy Development Corporation Limited (EDCL), is expected to be completed within 18 months, according to a statement released by Salasar Techno Engineering Limited (STEL) on Friday.
The Rwanda Transmission System Reinforcement and Last Mile Connectivity project (TSRLMC) has a total worth of USD 7.152 million, equivalent to Rs 596.21 million (Rs 59.6 crore). It involves the design, supply, and installation of 45.8 km of 110 KV double circuit Rukarara-Huye-Gisagara transmission lines.
Earlier in the month, the joint venture secured another transmission project valued at around Rs 174 crore from the government of Madhya Pradesh. RVNL holds a 51% stake in the joint venture, while STEL owns the remaining 49%.
RVNL, a subsidiary of the Ministry of Railways, is responsible for the development, financing, and implementation of rail infrastructure projects. On the other hand, STEL specializes in manufacturing steel structures and provides services across sectors including telecom, energy, and railways.