Sep. 29. 2003
Marubeni has received a full turnkey order for the construction of substations and the laying of underground cable from the Qatar General Electricity and Water Corporation (Kahramaa) in the State of Qatar. Marubeni signed the contract in August 2003, marking the first time a Japanese company has received such an order.
The construction period is for 17.5 months and the contract is worth approximately 5,500,000,000 yen, to be funded by the client.
Kahramaa plans to construct new substations in Gharafa South West and Education City for the Qatar Foundation (established year 1995). Kahramaa also plans to remove the existing overhead lines connecting Gharafa and Al Wajbah, and install a 132-kV underground cable over a distance of approximately 40 kilometers to supply new power to Education City. The city is being established to attract foreign top-rate universities and scientific centers. The equipment will be supplied by TMT&D Corporation, which is based in Minato-ku, Tokyo and headed by president Yasuo Ozaki. Other equipment suppliers are ABB Switzerland Ltd. and LG Cable Ltd. of Korea for construction.
Nineteen entities submitted bids for this tender, and Marubeni was awarded for its experience in constructing substations and its competitive pricing. Marubeni was chosen ahead of ABB (Switzerland), Alstom (France) and Ansaldo (Italy).
Qatar is emerging with its active policies of liberalization and democratization and has been showing steady economic growth supported by extensive natural gas reserves. The country will host the Asian Games in 2006, and this event is acting as a catalyst in the development of the country's infrastructure. We would like to remain focused on the infrastructure of Qatar and would like to contribute to the development plans of this country in the future.