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FINANCIAL NEWS
No qualified contractors for USD1.03b electricity project: Omani DCRP
18 Oct 2015
(MENAFN) The Omani Distribution Code Review Panel (DCRP) has complain about what it describes as a paucity of suitably qualified Grade A contractors to undertake vital electrical infrastructure contracts worth USD1.03 million annually.
The panel’s chairman has warned that the continuing lack of capable electrical contractors could potentially hamper ongoing efforts to expand and modernize the Sultanate’s electricity transmission infrastructure.
Of the estimated 195 electrical contractors registered with the DCRP, only around 15 are in the Grade A category, meaning they are deemed qualified to undertake technically challenging contracts.
“When you look at the (annual) budgets of the distribution companies, ranging from USD155.35 million to even USD258.92 million in the case of RAECO, it totals around USD1.03-1.29 million this year alone,” the official said.
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