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China Electric Design and Research Institute Company Limited

World Bank sanctions 2 Chinese engineering companies for 18 months

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The FINANCIAL — The World Bank Group today announced the 18-month sanctions of China National Electric Engineering Company Limited (“CNEEC”) and its wholly owned subsidiary, China Electric Design and Research Institute Company Limited (“CEDRI”), both international engineering companies, in connection with fraudulent practices as part of the Lusaka Transmission and Distribution Rehabilitation Project in Zambia. CEDRI has…