Energoprojekt Entel signs agreements for USD 31.2 million projects in Qatar and Dubai

Energoprojekt Entel, a subsidiary of Energoprojekt Holding, signed new significant consulting agreements in Qatar and Dubai in January.

The total value of these agreements is USD 31.87 million. The company signed an agreement in Qatar with the investor Kahramaa to provide consulting services for the expansion of the electric power system of Qatar. This project is valued at USD 30.5 million.

The agreement signed in Dubai with the investor Meraas concerns the construction of substation. The value of this agreement is USD 1.37 million.

Energoprojekt Entel is to implement aforementioned projects in 36 and 24 months, respectively.

The shares of Energoprojekt Holding have gained less than 2 percent in value since the beginning of the year. With the current share price of RSD 734, the company's market cap is at RSD 8 billion (EUR 69.2 million).