Schneider: In Talks Over Turkmenistan Electricity Network Upgrade Deal
Thursday, Jul 08, 2010
French electrical equipment maker Schneider Electric SA (SU.FR) is in talks with the municipality of Achgabat, the capital of Turkmenistan, over a contract to upgrade the city's electricity network, a spokesman for the company said Friday.The spokesman declined to provide details of the value of the contract.
According to a report in French daily La Tribune published Friday, Schneider's contract is worth EUR1.3 billion.
Source: Automated Trader
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