Sri Lankan cable manufacturing company to supply cables to state operated CEB
ACL Cables Plc, which is a Sri Lankan cable manufacturing company, has reportedly won a Rs. 789.45 million deal to supply cables to state operated Ceylon Electricity Board (CEB).Sri Lanka’s Government Information Department has stated that the Cabinet of Ministers had approved the award of 1,300 kilometers of aerial bundled conductors to Sri Lanka’s ACL Cables Plc.The proposal was presented Cabinet for approval by Sri Lanka’s Power and Energy Minister Ravi Karunanayake.
The company was selected according to the recommendations of the standing procurement committee.
OSL take:
The contract awarded by Sri Lanka’s CEB to supply cables to a local company is indicative of the strength and growth of the country’s private sector. It is also indicative of the many business opportunities in Sri Lanka given the expanding economic activities in the country. Foreign businesses could therefore explore possibilities of forming partnerships with local companies to engage in business ventures in Sri Lanka and also explore business/investment opportunities in the country’s development programme.
| Article Code : | VBS/AT/20191111/Z_5 |