Renaissance has been awarded Muscat Electricity and Distribution Company’s (MEDC) smart meter rollout contract. The RO9.3 million (US$24.2 million) three-year contract commencing January 1, 2022, includes installing 400,000-plus smart meters across all three MEDC zones.
Renaissance bagged the project based on the efficiency of its technical and commercial solutions as well as high KPI achievement in Zone 1 (Muscat, Muttrah, Amerat and Quriyat) where it currently carries out manual meter reading for MEDC. The new contract adds MEDC’s Zone 2 (Bausher) and Zone 3 (Seeb) to the project which involves automation, knowledge transfer, efficiency, and upskilling of Omani cadres.
The agreement was signed on December 16th by Salman Ali Al Hattali, Chief Executive Officer – Acting, MEDC and Stephen R Thomas, CEO, Renaissance.
Stephen Thomas said, “This agreement builds on the existing strong relationship with MEDC, a strategically important and valued client partner for Renaissance. The project is much more than automation. By hiring and upskilling Omani cadres, it also contributes towards capacity-building and Omanisation goals. Renaissance being chosen over other strong and experienced contenders is testimony to its successful track record in executing technical contracts efficiently and sustainably. “
Renaissance will deploy 134 Omanis to carry out the work. In addition to 53 of its current staff from Zone 1, the company will welcome 81 more staff for Zones 2 and 3. These staff members will be upskilled from meter reading to smart meter installation and connection and continue to receive further training. They will remain employed by Renaissance, either for similar programmes introduced by other distribution companies or as part of its expanding facilities management and hard services team.
Renaissance’s technical partner for the project, Tata Power (India) will provide in-country project management and capability-building expertise along with around 40 technicians to train the Omani team to install, connect and troubleshoot the meters.
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
