Prysmian led consortium awarded 168 million euro contract for power transmission project by Qatar General Electricity & Water corp.
Together with nexans of France, Prysmian will design and supply a power transmission system of total 161 km of high voltage cables. prysmian’s part of the contract worth about 87 million euro.
transmission system of total 161 km of high voltage cables.
Prysmian’s part of the contract worth about 87 million euro.
Milan, 30 June 2008. A Prysmian led consortium has been awarded a major order for a total value of around 168 million Euro for a power transmission system expansion project by the Qatar General Electricity & Water Corporation (KAHRAMAA). Prysmian’s part of the contract is worth around 87 million Euro.
"This success reflects the trust that Qatar's power supply company places in us, and again underscores our strengths in the areas of integrated solutions supply, engineering, and project management" declared Fabio Romeo, Prysmian’s Head of Energy Business. "Together with other significant power cable projects for which we have been recently awarded, this project further confirms our strong capabilities to meet the increasing needs of developing new power grids in this strategic area."
Qatar, situated on the Arabic Gulf with its abundant petroleum and natural gas reserves, posts double-digit growth rates and invests continuously in the country’s infrastructure. This project is representing the new stage of "Qatar Power Transmission Expansion" to continue the reinforcement to the main transmission networks and to secure the power supply to industrial and domestic sectors.
Prysmian’s strong expansion in the Middle East region
In the Middle East region Prysmian can rely on offices and facilities in Dubai and Abu Dhabi (UAE) Doha (Qatar), Manama (Bahrain) and Kuwait. The most important project Prysmian is currently involved in is the construction of the submarine high voltage power connection between Saudi Arabia and Bahrain, with the GCCIA (Gulf Cooperation Council Interconnection Authority). The more recent contract secured by Prysmian in the region is with Emirates Aluminum Company Ltd. (EMAL) for the supply and installation of high voltage cables and systems for the world’s largest aluminum smelter facility under construction in Abu Dhabi. Other relevant projects are: Fujairah (UAE) and Doha (QATAR) main Transmission Projects (high voltage cables); Pearl GTL, the bigger Oil and Gas project started in 2006 in Qatar, and Ras Laffan Gasfield Downstram Development in Qatar, (Industrial cables); Burj Dubai, the highest tower in the world (Fire Protection power cables) – Palm Island Dubai - Logo Island interconnection (submarine medium voltage cables).
A leading player in the industry of high-technology cables and systems for energy and telecommunication, the Prysmian Group is a truly global company with sales exceeding 5 billion Euro in 2007 and a strong position in higher-added value market segments. With its two business, Energy Cables & Systems (submarine and underground cables for power transmission and distribution for industrial applications and for the distribution of electricity to residential and commercial buildings) and Telecom Cables & Systems (optical cables and fibres and copper cables for video, data and voice transmission), Prysmian boasts a global presence with subsidiaries in 36 countries, 54 plants in 21 countries, 7 Research & Development Centres in Europe, USA and South America, and over 12,000 employees. Specialising in the development of products and systems designed to meet clients' specific requirements, Prysmian's key strengths include a focus on Research & Development, the capacity to be innovative on products and production processes, and the use of advanced proprietary technologies. Prysmian is listed on the Milan Stock Exchange Blue Chip index.
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