Gulf Ventures' Water & Power Division has secured a very lucrative contract for the supply of transmission & distribution equipment worth Rs. 3,500 million with the Water & Power Development Authority of Pakistan.
February 28, 2014 (Newswire.com) - Gulf Ventures' Water & Power Division in partnership with a world's leading T&D equipment manufacturer has secured a very lucrative contract for the supply of transmission & distribution equipment worth Rs. 3,500 million with the Water & Power Development Authority of Pakistan strengthening its partnership with its key customer and further consolidating its leading position in the region.
This order is one of the largest for Gulf Ventures Water & Power Division in Pakistan and will contribute to the development and improvement of the 132 kV electrical distribution network in order to keep up with Pakistan's rapid urban expansion.
This contract was secured thanks to Gulf Ventures Water & Power Divisions' long-standing relationship with WAPDA and the division's track record for timely delivery of large-scale projects.
Mohammad Haider, CEO of Gulf Ventures, commented: "We are honored to have been awarded this prestigious contract. Thanks to our robust local set up and close proximity to WAPDA, Gulf Ventures Water & Power Division is able to provide a solution that exactly matches WAPDA's expectations. This new success further strengthens Gulf Ventures presence in Pakistan.
Gulf Ventures is a diversified supplier of highly engineered components, equipment and technology solutions to the industrial and energy markets of Pakistan. Gulf Ventures business is comprised of three divisions: Water & Power, Oil & Gas and Energy Commodities. Gulf Ventures expertise allows production of energy in some of Pakistan's most challenging operating environments. Company's customers include power generation and transmission companies; oil and gas refining and distribution companies; and industrial materials processing companies.