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

The company said that the contract has been awarded for a period of 360 days and will commence on 31 October, 2019

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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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