Oman’s ONEIC bags four contracts worth $14.3 million

The company bagged two contracts each from Dhofar Power Company and Muscat Electricity Distribution Company

Oman National Engineering and Investment Company (ONEIC) has bagged four contracts worth around $14.3million.

In posts on its website, ONEIC CEO Dr. Rashid Bin Mohammed Al Ghailani said that two contracts were awarded by the Dhofar Power Company (DPC), responsible for supply and distribution of electricity in the Sultanate’s southern Salalah region.

Additionally, in separate filings to the Muscat Securities Market, the company said it had been awarded the contract by Muscat Electricity Distribution Company (MEDC) for construction of 3×20 mega volt amps (MVA) 33/11KV primary substation at Al Amerat-2 in Muscat for $5.3 million.

It also bagged another MEDC contract for construction of a 3×20 MVA 33/11KV primary substation at Mawalleh South, also in the Omani capital, for $5.17 million.

Separately, Petroleum Development Oman extended a potable water supply contract with ONEIC for a period of five years commencing in October 2016 for the sum of $24.22million, according to another posting on the ONEIC website.

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