Key Highlights
- Ashoka Buildcon received Letter of Contract Acceptance from Angola authority.
- Project value stands at USD 72.36 million.
- Scope includes design, supply, installation, and commissioning of distribution networks.
- Project execution period is 24 months.
- Work relates to Luanda City 2 under electricity sector improvement project.
- Order classified as international project.
Ashoka Buildcon Limited has received a Letter of Contract Acceptance from the Ministry of Energy and Water of the Republic of Angola for a power infrastructure project focused on improving electricity access and distribution.
The contract pertains to the “Electricity Sector Improvement and Access Project” in Luanda City 2. The awarded scope includes the design, supply, installation, and commissioning of rehabilitation works for distribution networks.
The total accepted project cost is USD 72,359,639.46, reinforcing the company’s presence in international infrastructure development. The project is scheduled to be executed over a period of 24 months.
According to the company’s disclosure, the awarding authority is the Ministry of Energy and Water of Angola, and the contract has been classified as an international order. The company also clarified that there is no promoter or group company interest involved in the awarding entity, and the transaction does not fall under related party transactions.
The development marks a strategic addition to Ashoka Buildcon’s international order book, particularly in the power transmission and distribution segment. The project aligns with ongoing global efforts to strengthen electricity infrastructure and improve access in emerging markets.
The company had previously submitted its bid for the project and has now formally secured the contract through the acceptance letter issued by the Angolan authority.