# IPS wins EUR 680M pipeline modernization contract in Middle East

Bulgarian company International Power Supply (IPS) has been selected to participate in a five-year, EUR 1.8 billion project to modernize oil pipelines in the Middle East, with IPS's portion valued at EUR 680 million.

- Type: Contract
- Announced: 2017-01-18
- Value: $724.0M (680.0M EUR)
- Status: announced
- Products: Exeron modular power system for pipeline cathodic protection
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [International Power Supply](https://endata.com/companies/21524.md)

## Sources

- [dimitrovgrad.bgvesti.net](https://www.dimitrovgrad.bgvesti.net/news/415706/nov-zavod-krai-arda-600-dushi-shche-proizvezhdat-umni-zakhranvashchi-sistemi-ips), 2017-01-18: "Българска компания с оборот от малко над 10 млн. лв. ще изпълнява поръчка за 680 млн. евро в Близкия изток."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.