Harsco Expands Presence in Africa, Secures Infrastructure Support Role on Major Hydroelectric Project in Ethiopia

HARRISBURG, Pa. Worldwide industrial services and engineered products company Harsco Corporation  announced today that its Harsco Infrastructure business has been selected to provide specialized concrete forming equipment and related engineering support for a new hydroelectric dam now starting construction in Ethiopia that when completed, will become part of the largest hydroelectric power plant in Africa.

The Gibe III project in southern Ethiopia is expected to generate new revenues well in excess of $2 million for Harsco over the next two years as the Company supplies special-purpose dam formwork and related engineering support to the concrete construction of the new 243 meter-high (797 foot) dam being built on

Harsco
Harsco

the Omo River. The plant will serve Ethiopia as well as its surrounding neighbors with up to 1,870 MW of electric power, more than doubling Ethiopia’s power generating capacity. The dam will also provide flood protection for the region and help to regulate water supplies during the dry season.

Harsco’s selection for the Gibe III project by Italian general contractor Salini Costruttori follows a continuing trend where leading construction contractors from Italy, France and other countries with whom Harsco already has long-standing relationships are being tapped for some of Africa’s largest infrastructure projects. Harsco has supported Salini on such other projects as the preceding Gibe I and Gibe II dam projects; a new dam and powerhouse in Nigeria; and the massive Bujagali dam in Uganda, previously announced by Harsco last year. Harsco is also supporting Salini in the construction of the new Millennium Tower and Culture Centre, Nigeria’s tallest building, as well as a new Nigerian motorway viaduct.

Announcing the Gibe III award, Harsco Chairman and CEO Salvatore D. Fazzolari said, “We’re gratified to see the many long and successful relationships that we have earned in Europe being turned into new opportunities for us in such a vast and potentially significant long-term infrastructure development market as Africa.”

Harsco announced that it intends to establish a local support office in northern Africa this summer that will provide close-to-market access engineering, technical site support and erection and dismantling (E&D) services in support of its growing African presence and contractor relationships.

Harsco Corporation is one of the world’s leading diversified industrial services and engineered products companies, serving key industries that play a fundamental role in worldwide economic growth. Harsco’s common stock is a component of the S&P MidCap 400 Index and the Russell 1000 Index. Additional information can be found at www.harsco.com.

Source: marketwatch

Gilat’s satellite communications networks provide dependable, high-speed data networking to government agencies, banks, energy companies and citizens at thousands of sites throughout Africa, including Ethiopia, Kenya, Nigeria, Namibia, Angola, Ghana, Cameroon, Senegal, Tanzania, and South Africa.

Gilat’s SkyEdge and SkyEdge II multi-service platforms enable the delivery of high-quality voice, broadband data and video services for different environments including enterprises, rural networks, cellular backhaul and government network applications. Gilat’s diverse portfolio of VSATs offer service providers the most suitable product for their application needs as well as the flexibility to evolve their networks. The newest addition to Gilat’s SkyEdge II portfolio is NetEdge(TM), a dedicated solution for multi-star networks, specifically designed to meet the needs of corporate networks and cellular-backhaul applications.

About Ethiopian Telecommunications Corp.

ETC develops and maintains a modern information and communication network infrastructure supporting voice, data and video services. The infrastructure provides communication services equitably across the country, with high-capacity digital connectivity to the rest of the world. ETC also provides training, education and research in the field of ICT. For more information, please visit www.ethionet.et.

About Gilat Satellite Networks Ltd.

Gilat Satellite Networks Ltd. /quotes/comstock/15*!gilt/quotes/nls/gilt (GILT 4.42, -0.09, -1.10%) is a leading provider of products and professional services for satellite-based broadband communications networks worldwide. Gilat was founded in 1987 and has shipped over 750,000 Very Small Aperture Terminals (VSATs) to more than 85 countries across six continents. Gilat’s headquarters is located in Petah Tikva, Israel. The Company has 16 sales and service offices worldwide. Gilat markets a full line of high-performance VSATs under the SkyEdge(TM) and SkyEdge II Product Family. Gilat’s wholly-owned subsidiary, Spacenet Inc., is a leading provider of managed services in North America to the business and government segments.

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