Nexans secures around € 300 million contract to supply LV cables for infrastructure projects in Qatar through its QICC JV with Al Mirqab capital
Call-off contract with Kahramaa to boost infrastructures projects and meet growing demand for electricity in Qatar
Paris, December 27, 2016 - Qatar General Electricity and Water Corporation (Kahramaa), has recently signed a contract with Nexans for power cables. The contract, worth approximately € 300 million, includes Low and Medium Voltage cables to be used in civil infrastructure projects in Qatar. Through the contract, Nexans will help in meeting the growing demands for energy and facilitating infrastructure development while supplying the cables in Qatar. The supply of cables will connect substations to various infrastructures-oriented projects across Doha and its suburbs such as Doha New Port, Qatar Rail and Metro projects as well as projects needed for 2022 FIFA World cup.
Charles-Edouard Mellagui, Nexans Country Manager and Chief executive Officer of QICC, a Nexans Company, said “Our track record with KAHRAMAA over the past years has been outstanding, with a zero failure rate. We’re pleased to be continuing our very successful collaboration, contributing to the Qatar National vision 2030 and accelerate our development into the region in future.”
As a global leader in advanced cabling and connectivity solutions, Nexans brings energy to life through an extensive range of best-in-class products and innovative services. For over 120 years, innovation has been the company’s hallmark, enabling Nexans to drive a safer, smarter and more efficient future together with its customers. Today, the Nexans Group is committed to facilitating energy transition and supporting the exponential growth of data by empowering its customers in four main business areas: Building & Territories (including utilities, smart grids, emobility), High Voltage & Projects (covering offshore wind farms, submarine interconnections, land high voltage), Telecom & Data (covering data transmission, telecom networks, hyperscale data centers, LAN), and Industry & Solutions (including renewables, transportation, Oil & Gas, automation, and others). Corporate Social Responsibility is a guiding principle of Nexans’ business activities and internal practices. In 2013 Nexans became the first cable provider to create a Foundation supporting sustainable initiatives bringing access to energy to disadvantaged communities worldwide. The Group’s commitment to developing ethical, sustainable and high-quality cables drives its active involvement within several leading industry associations, including Europacable, The National Electrical Manufacturers Association (NEMA), International Cablemakers Federation (ICF) or CIGRE to mention a few. Nexans employs more than 26,000 people with industrial footprint in 34 countries and commercial activities worldwide. In 2017, the Group generated 6.4 billion euros in sales. Nexans is listed on Euronext Paris, compartment A. For more information, please consult: www.nexans.com