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Veolia wins contract to improve Guinea Conakry electricity grid

June 29, 2015

Mr. Mohamed Diaré (Minister of State, Minister of Economy and Finance) , Mr.Cheick Taliby Sylla (Minister of Energy and Hydraulics) Mr. Mohamed Diaré (Minister of State, Minister of Economy and Finance) , Mr.Cheick Taliby Sylla (Minister of Energy and Hydraulics)[/caption] Veolia has won a four-year performance contract for a value of EUR11.3 Million to provide electricity management services to Electricité de Guinée (EDG).  This contract, awarded to Veolia through its subsidiary Veolia Africa, follows the Guinea Conakry’s government strategy to support the recovery of the electricity market through an ambitious modernization plan launched in 2012. Within the framework of this contract, Veolia will improve the management of facilities, the efficiency of the energy distribution network and the expansion of the network within the country. Key specific areas will be covered: customer relationship management, technical performance, planning – operations & maintenance of installations, financial stewardship, human resources management, procurement and inventory management. Veolia will provide EDG with experienced operational staff to oversee operations and with experts to bring complementary expertise to specific projects, such as IT systems, and improvement of the operational performance. Veolia and EDG staff will work together to co-manage the public company based on key performance indicators to ensure in full transparency the implementation of this strategic project. This project demonstrates the willingness of the Guinea Conakry authorities to develop, improve and strengthen the capacities and the quality of energy infrastructures in the country. [caption id="attachment_18868" align="alignright" width="300"]Elan Cusiac-Barr (Senior Investment officer, IFC World Bank Group) , Aicha Farida Boubakary (Investment analyst, IFC World Bank Group) , François Laforêt , Patrice Fonlladosa , Mohamed Diaré (Minister of State, Minister of Economy and Finance), Cheick Taliby Sylla (Minister of Energy and Hydraulics), Betrand Cochery (French Ambassador in Guinea and Sierra Leone) Elan Cusiac-Barr (Senior Investment officer, IFC World Bank Group) , Aicha Farida Boubakary (Investment analyst, IFC World Bank Group) , François Laforêt , Patrice Fonlladosa , Mohamed Diaré (Minister of State, Minister of Economy and Finance), Cheick Taliby Sylla (Minister of Energy and Hydraulics), Betrand Cochery (French Ambassador in Guinea and Sierra Leone)[/caption] “This contract is a milestone in Veolia’s development in Africa and reinforces its leadership position in the management of electricity’s production and distribution in the continent. We are committed to support the Guinea Conakry in its challenge to respond to increasing electricity demand and to improve the quality of life of its inhabitants.” says Patrice Fonlladosa, Chairman and CEO Africa & Middle East at Veolia. Veolia group is the global leader in optimized resource management. With over 179,000 employees* worldwide, the Group designs and provides water, waste and energy management solutions that contribute to the sustainable development of communities and industries. Through its three complementary business activities, Veolia helps to develop access to resources, preserve available resources, and to replenish them. In 2014, the Veolia group supplied 96 million people with drinking water and 60 million people with wastewater service, produced 52 million megawatt hours of energy and converted 31 million metric tons of waste into new materials and energy. Veolia Environnement (listed on Paris Euronext: VIE) recorded consolidated revenue of €24.4 billion* in 2014. *AMA]]>

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