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INTERNATIONAL Adani Ports and Special Economic Zone Ltd (APSEZ) and Israel’s Action Construction Equipment Limited (ACE) has been awarded
ADANI PORTS AND GADOT GROUP WINS TENDER TO
ACTION CONSTRUCTION EQUIPMENT BAGS CONTRACT
IN GHANA.
PRIVATISE ISRAEL’S HAIFA AIRPORT
Gadot Group have won the tender to privatize the Port of Haifa,
with a contract to set up a state-of-the-art assembly plant for
Israel’s second largest port, despite stiff competition from local
manufacturing of Tractors, Backhoe Loaders and Fabrication of
and international players.
Agricultural implements for the Government of The Republic of
The Adani-Gadot consortium won the right to buy 100% of Haifa
Ghana against a consideration of $24. 98 Million.
Port Company Ltd. through the winning bid. The Port of Haifa’s
concession period runs until 2054. Haifa Port Company Ltd (HPC)
the Government of The Republic of Ghana and Export- Import
is one of Israel’s two largest commercial ports. The port, which The said contract is secured through a credit agreement between
Bank of India. The project will be owned and operated by the
handles nearly half of Israel’s container cargo, is also the country’s Government of The Republic of Ghana.
main passenger and cruise ship port. Further, the project involves Designing, Engineering, Commissioning
APSEZ and Gadot Group formed a consortium with 70% and 30% of assembly lines and Supply of plant and machinery for the
stakes, respectively. The consortium’s offer was NIS 4.1 billion, or manufacturing plant in addition to transferring the technical know-
$1.18 billion (approx. `9,427 crore). how, establishing best-in-class manufacturing processes and quality
Adani Ports and Special Economic Zone Ltd will expand its control systems along with the training of engineers and technicians
footprint into the European port sector, which includes the lucrative from The Republic of Ghana for future operations.
Mediterranean region, with the acquisition of the Port of Haifa. The manufacturing unit will be designed for an installed capacity of
The Port of Haifa is located in northern Israel. It is located near 4,500 Tractors, 600 Backhoe Loaders, 6,000 Agricultural implements
Haifa, Israel’s third largest city. It is also one of Israel’s major and 3,000 Tipping trailers annually.
industrial areas. The Haifa Port Company Ltd operates the port and The contract also includes the supply of an initial pilot lot of Tractors,
has real estate available for the development of office spaces, Backhoe loaders and agricultural implements in CKD form for
hotels, tourism, and other recreational activities. the assembly lines for manufacturing. Subsequently, after the
commissioning of the plant, the prices for the CKD kits shall be
KALPATARU POWER’S SWEDEN ARM COMPLETES applicable as per the prevailing market rates at the time of the
ACQUISITION OF 15% STAKE IN LINJEMONTAGE supply. On completion, the project will play a vital role in opening
GRASTROP up of the export markets in the African region for our products and
Kalpataru Power Transmission Limited informed that Kalpataru augmenting the company’s Global efforts.
Power Transmission Sweden AB (KPT Sweden), its Wholly Owned
Subsidiary in Sweden has completed the acquisition of the ONGC VIDESH ANNOUNCES NEW OIL DISCOVERY IN
remaining 15% equity stake of Linjemontage i Grastrop AB, a COLOMBIA
Swedish EPC Company headquartered in Grastrop, Sweden. LMG ONGC Videsh Limited (OVL), the wholly owned subsidiary and
also has two wholly-owned subsidiaries. overseas arm of Oil and Natural Gas Corporation Ltd. (ONGC),
The company completed the acquisition of the balance 15% the National Oil Company of India, has made an oil discovery in
stake on July 7, 2022. The estimated consideration for the 15% the recently drilled well, Urraca-IX, in CPO-5 block, Llanos Basin,
stake shall be approximately $11.5 million (approx. `91.13 crore). Colombia. The company said in a press release that the well,
The Company will acquire 300 equity shares representing 15% of Urraca-1X was spudded on April 20, 2022 and drilled to target
the share capital of LMG through its WOS KPT Sweden. depth (TD) of 10956 ft., encountering 17 ft thick oil-bearing sands at
LMG, founded on March 22, 1993, is involved in three major a depth from 10201ft -10218 ft. During initial testing with Electrical
business areas: EPC of Substations, Transmission & Distribution Submersible Pump (ESP), fluid flowed @ approx. 600 bbl./day with
Networks, and O&M of Electricity Network Services in the voltage around 40-50% W/C and oil of 16oAPI. Oil discovery in the Lower
range of 0.4 - 400kV. LMG (along with its wholly-owned subsidiary) Mirador play in this well opens up new areas for further exploration in
has a presence in Sweden and Norway, with an order book of the northern part of the block. ONGC Videsh has earlier discovered
approximately SEK 1.31 billion ($137.88 million). commercial oil in the Lower Sand pay in Mariposa and Indico fields
The acquisition will bolster KPT’s position in the Nordic market. in the block in 2017 and 2018 respectively, which are currently
Because they have the oldest grid network, Sweden and Norway commercially producing @ 20,000 bbl oil per day.
are very appealing markets for transmission line infrastructure. KPTL Block CPO-5 was awarded to ONGC Videsh Limited in the 2008 bid
will benefit from increased investments in grid infrastructure and round of Colombia. ONGC Videsh holds 70% participating interest
renewable energy in the Nordic markets. (PI) in the block along with operatorship, remaining 30% is held
by partner Geopark. ONGC Videsh has a significant presence in
3I INFOTECH BAGS ORDER OF `17.14 CRORE FROM UAE oil & gas sector in Colombia, with three other exploratory blocks
FIRM in the country and joint ownership of the oil producing company
The company has announced that it has secured an order Mansarovar Energy Colombia Ltd (MECL).
pertaining to Digital Infrastructure Managed Services from one of Oil discovery in a new play in the block with the well Urraca-1X,
the leading digital transformation Company in UAE for a tenure of reiterates the technical and operational prowess of ONGC Videsh
3 years.Order value is approximately `17.14 crore, the company and adds one more feather in its cap towards the extensive
informed. Exploration and Drilling campaign in Colombia.

62 CONSTRUCTION OPPORTUNITIES|SEPTEMBER 2022