Kahramaa Signs QR 350 Million Supply Contracts with Voltamp Oman

Doha, August 21 (QNA) - Qatar General Electricity and Water Corporation (Kahramaa) signed on Monday two contracts with Voltamp Oman to supply transformers for the electric distribution grid in the State of Qatar at a total cost of QR 350 million. Speaking during a press conference on the sidelines of the signing ceremony, Kahramaa President Eng Essa bin Hilal Al Kuwari said that according to the two contracts, the Omani company will supply 400 transformers over two years. Al Kuwari said the Omani firm will was picked through an earlier tender that was floated to four closely picked companies and at the end the two contracts were awarded to the best company in terms of the technical specifications of contracts. The Kahramaa president said the corporation will continue to float the tenders that it needs in light of the ongoing infrastructure projects in the State of Qatar, noting that Kahramaa has floated tenders worth nearly QR 5 billion over the past five years. He added that Kahramaa supports investment in the field of industries related to the electricity and water grids and aims to nationalize several ones in Qatar so as to support the work of the corporation. Al Kuwari noted that signing the two contracts comes at a time when commercial and economic ties between the two countries grow, adding that these transformers will be used in supplying electricity to infrastructure projects, industrial projects as well as citizens' lands across the country. He said that the Omani company is a leader in electric industries, noting that there are negotiations with many Omani firms regarding the electric grid and the water sector so as to cooperate together. AL Kuwari expressed hope that the economic ties with Oman would continue to develop, with that progress reflected in more contracts with Omani firms. For his part, Voltamp Oman Chairman Qais Bin Mohamed Al Yousef said his company has a lot to offer for the Qatari market, noting that signing the contracts is one of the goals of Voltamp Oman, which looks to expand its presence in the Qatari market and benefit from the available investment opportunities. He said that Voltamp Oman will not hesitate to expand whenever opportunities arise. The Voltamp Oman chairman said that awarding the tender to his company and signing the two contracts represent a historic milestone for the company. Al Yousef said Voltamp Oman was established in 1987 as a family business and has grown to become a public shareholding company listed on Muscat Securities Market. Since then, he said, the board and executive management seek for the company's products to cope with modern technology so as to efficiently serve its customers and place high quality at the forefront of its priorities and goals. He expressed hope that signing the contracts would act as a platform for cooperation and working together between Kahramaa and Voltamp Oman as well as the development of good relations between them, voicing his country's keenness on investment with some Qatari investors. Through this cooperation, Al Yousef said, the technology of transformers and electric keys can be transferred to Qatar while also nationalizing the industry, which would create local added value and help in supporting the work of small- and medium-sized enterprises in the Qatari market. (QNA)