VA TECH WABAG (WABAG), a pure play water technology Indian Multinational Group, on Tuesday announced that it has secured an order worth around Rs 850 Million from Nama Water Services in the Sultanate of Oman towards Operation & Maintenance (O&M) of the Al Duqm Desalination Plant for a period of 5 years.
WABAG constructed this 8 MLD Desalination Plant over 10 years back and was responsible for the O&M of the Plant until 2018. This long term O&M order which has been won against international competition entails O&M of the Plant, the sea water intake and outfall systems, the company said in a regulatory filing. The water produced from this Plant will be used for domestic consumption in Duqm and Haima areas of Al Wusta Governorate.
Subramaniam M, Sales & Business Development Director, GCC, said, “In line with our growth strategy, this new order addition in Oman, to our already strong O&M order book provides annuity income which helps us with improved cash flow and better revenue predictability. We thank Nama Water Services for their continued confidence in our capabilities and technical competence which has been key to winning this repeat order.”
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Earlier this month, Wabag had secured a repeat order of about $49 million from Kathmandu Upatyaka Khanepani Limited (KUKL), funded by Asian Development Bank (ADB). The order, it added, entails Design, Build, Operate, towards three Waste Water Treatment Plants (WWTP) in Nepal at Sallaghari, Kodku and Dhobighat to treat about 69 MLD of waste water, and is expected to be completed over a period of 24 months, followed by a 5 year operation and maintenance (O&M).
From: financialexpress
Financial News
