Prysmian and Maire Tecnimont have won two orders in Oman. In the first case, the contract concerns the supply of a new high voltage cable system for the Oman Electricity Transmission Company, which aims to strengthen the supply of electricity in the city of Salalah.
Prysmian will be responsible for the design, engineering and production of an underground cable system for the transmission of high voltage electricity, between the Saada and Lilo substations, for a total of 85 km of 132 kV insulated cable in XLPE. The project will end by the end of June 2016.
"This project reconfirms Prysmian's commitment and ability to support the development of large energy transmission networks even in a strategic region such as the Middle East," commented Antonio Chiantore, Prysmian's general manager in the Middle East.
On Wednesday Prysmian announced the acquisition of a further 16% of Oman Cables Industry for 100 million euros. The new stake allows the company to reach a 51% stake in the capital of the leading company in the production of cables in the Persian Gulf.
Maire Tecnimont, instead, announced that the subsidiary Tecnimont has been awarded a contract for the construction of a polyethylene plant and a polypropylene plant by the customer Oman Oil Refineries and Petroleum Industries Company Saoc. The total value of the contract is approximately USD 895 million.
The order, according to a note, relates to one of the four packages that make up the Liwa Plastic Complex Project (Lpic). To finance the entire Lpic complex, with a total value of 6,4 billion dollars, the 890 million dollar credit line granted by Cassa Depositi e Prestiti and commercial banks and fully guaranteed by Sace is being finalised.
The plants will be built in the industrial and port area of Sohar and will be based on Univation Technologies technology for the polyethylene plant and on Basell Polyolefin technology for the polypropylene plant.
