Mubasher: Al Hassan Engineering Company Abu Dhabi (a subsidiary to Oman’s Al Hassan Engineering) announced on Monday that it has received a letter of intent (Lol) from Siemens Abu Dhabi for constructing 132 kilovolts substations for AED 57.55 Million ($15.66 million)
According to a bourse filing, the project duration is 12 months starting from June 2016.
The Muscat-listed company said that it expects reasonable income from the project.
Earlier in September 2015, Al Hassan Engineering was awarded two projects, one in Oman and one in Abu Dhabi, UAE, at a total of $19.25 million ($7.4 million).
