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SARAJEVO (Bosnia and Herzegovina), November 7 (SeeNews) - Bosnian cable and power line producer Kapis Tvornica Kablova Tomislavgrad (TKT) and the country’s biggest power utility, Elektroprivreda BiH, have signed a 6.9 million marka ($4.5 million/3.5 million euro) contract for the supply of 2,500 kilometres of power distribution cables, local media reported on Friday.
The total value of supply contracts between the two companies this year amounts to 11.2 million marka, daily newspaper Nezavisne Novine reported.
Kapis TKT is based in Tomislavgrad in the southern part of the Muslim-Croat Federation, which together with the Serb Republic forms war-divided Bosnia. Slovenian cable and electrical equipment producer and trader Kapis has owned the Bosnian company since 2001.
The Bosnian company said earlier it would raise its monthly output from 1,300 tonnes to some 2,000 tonnes of finished products in 2009 following a 4.0 million euro ($5.1 million) investment. In the first eight months of 2008, the company produced 9,168 tonnes of finished products, up 30% from the year-ago period and 9.0% above plan.
State-controlled Elektroprivreda BiH is Bosnia’s largest power utility and operates in the Federation. The smallest one, Elektroprivreda HZ HB, is also based in the Federation, while Elektroprivreda RS is the power firm of the Serb Republic.
(1 euro = 1.95583 Bosnian marka)
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