Oman's Oneic wins $5m power plant electrical capacity upgrade contract

Oman's Oneic wins $5m power plant electrical capacity upgrade contract
STADLAND GERMANY MARCH 21 Electricity pylons stand in a row leading to the Unterweser nuclear power plant on March 21 2011 near Stadland Germany The Unterweser plant is among seven nuclear power reactors built before 1980 that the government of German Chancellor Angela Merkel has chosen to shut down for three months for a heightened safety and security review following the disaster at the Fukushima plant in Japan Merkel is fending off criticism for the move which represents a radical reversal of her governments previous policy citing new circumstances due to the Fukushima meltdown Nuclear power has long been a highly charged controversial topic in Germany and opponents are seizing on the new political climate to push for a rapid abandonment of nuclear energy Photo by Sean GallupGetty Images
Published: 16 September 2019 - 1:17 p.m.
By: Baset Asaba

Muscat Securities Market–listed Oman National Engineering and Investment Company (Oneic) has won a $4.6m (OMR1.8m) contract from a government entity to upgrade the electrical capacity of a power plant on 12 September, 2019.

In a stock market missive, the company said that the contract has been awarded for a period of 360 days and will commence on 31 October, 2019.

Earlier, Salalah Sanitary Drainage Services Company had awarded Oneic a $117.3m (OMR45.1m) contract to build, operate, and transfer a sewage network for Sahalnoot district in Salalah for a period of 17.5 years.

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