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Swedish project management company HifabGruppen wins assignment in Ethiopia

Nordic Business Report, Sept 29, 2008

NORDIC BUSINESS REPORT-29 September 2008-Swedish project management company HifabGruppen wins assignment in Ethiopia(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com

Swedish project management company HifabGruppen said on Monday (29 September) that its Finnish subsidiary, Hifab Oy, has received a EUR1.5m consulting contract from the Ethiopian Electric Power Corporation.

The contract, to be carried out in cooperation with the German company Fichtner, covers supervision of the construction of a new power transmission connection from Ethiopia to Sudan.

The project is financed by the World Bank.

HifabGruppen, headquartered in Stockholm, Sweden, provides project management services and is currently taking part in projects in some 20 countries. The company has 325 employees and reported a turnover of SEK370m in 2007.

One British pound (GBP) is worth approximately 1.26 euros (EUR). One British pound (GBP) is worth approximately 12.20 Swedish kronor (SEK).

((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))

COPYRIGHT 2008 M2 Communications Ltd.
COPYRIGHT 2008 Gale, Cengage Learning
 

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