Latest news with #RFQ
Muscat Daily
6 days ago
- Business
- Muscat Daily
Nama PWP launches RFQ tender for Oman's first waste-to-energy project
Muscat – As part of Oman's strategic direction towards sustainable waste management and the adoption of clean energy solutions, Nama Power and Water Procurement Company (Nama PWP) – the sole procurer of the sultanate's power generation and water production capacities – has announced the commencement of the Request for Qualification (RFQ) process for the country's first utility-scale Waste-to-Energy (WTE) Project, located in Barka. With a projected capacity of 95–100MW and a scheduled commercial operation date expected in the second quarter of 2031, the WTE Project marks a major milestone in fuel diversification within the electricity sector. The project is being developed under the leadership of Nama PWP, as nominated by the Authority for Public Services Regulation, in close collaboration with Oman Environmental Services Holding Company (be'ah). This landmark initiative supports Oman's national objectives to reduce, treat and manage waste volumes effectively, while transitioning towards a low-carbon economy. The WTE Project is expected to contribute approximately 760GWh of renewable energy annually, starting in 2031, further strengthening the sultanate's commitment to its Net Zero targets. Nama PWP has invited qualified and experienced entities to submit their statements of qualification for participation in this transformative project. The launch of the RFQ tender marks a crucial step in delivering innovative, clean and efficient power solutions that contribute to a greener and more resilient energy future for communities across Oman. 'The Waste-to-Energy Project represents a strategic leap towards achieving Oman's vision for sustainable energy and responsible waste management,' said Ahmed bin Salim al Abri, CEO of Nama PWP. 'We are proud to lead this pioneering initiative in collaboration with be'ah and the Authority for Public Services Regulation. This project not only supports our national Net Zero ambitions, but also reinforces our commitment to delivering innovative and resilient power solutions for the future of the Sultanate of Oman,' he added. Abdullah Rashid al Sawafi, Chief Energy Transition Officer at Nama PWP, said, 'The Waste-to-Energy Project is a landmark initiative in Oman's transition towards a more diversified and sustainable energy mix.' He explained that by utilising advanced thermal conversion technologies, the project would enable the safe and efficient processing of municipal solid waste into reliable baseload electricity. This would not only significantly reduce the volume of waste sent to landfills, but also play a critical role in decarbonising the power sector. 'From a grid operations standpoint, introducing a stable and dispatchable energy source will enhance system reliability and support the broader integration of variable renewable resources such as solar and wind. This project exemplifies our commitment to pioneering environmentally responsible solutions that contribute meaningfully to Oman's Net Zero aspirations and its shift towards a circular economy,' Sawafi added.
SowetanLIVE
04-08-2025
- Business
- SowetanLIVE
Department of electricity & energy launches first phase of ITP Procurement Programme
The department of electricity & energy invites experienced and committed consortia to submit Request for Pre-Qualification (RFQ) responses for new electricity transmission infrastructure capacity under the first bid submission phase of the Independent Transmission Projects (ITP) Procurement Programme (IPPP tender no: DEE/001/2025/26). The department, in consultation with the National Transmission Company SA, has subsequently identified the transmission lines and associated substations, aligned to the Transmission Development Plan, that the private sector will design, finance, construct, operate and maintain under this programme. The purpose of this RFQ stage is to identify and shortlist pre-qualified bidders with the necessary technical expertise, financial capacity and proven experience required to deliver transmission capacity at significant scale and within accelerated time frames. Pre-qualified bidders (evaluated on the criteria set out in the RFQ) are afforded the opportunity to submit bid responses to the subsequent Request for Proposal. Prior to accessing the RFQ — available for download online via the ITP Procurement Programme website — each prospective bidder is required to pay a non-refundable documentation fee of R150,000. The required documentation fee is payable by means of a direct deposit or electronic funds transfer into this bank account: Bank: Nedbank Account name: GTAC-IPP Account type: Current Account number: 1068872608 Branch: Corporate Client Services, Johannesburg Branch code: 198765 Swift code: NEDSZAJJ NB: The prospective respondent company name must be used as the payment reference. The last date to register for participation in this RFQ phase is approximately 20 days prior to the RFQ response submission date. The exact date will be communicated on the ITP Procurement Programme website. Prospective respondents must follow the online registration process that is detailed in the RFQ and will also be communicated before the last day of registration. The RFQ response submission date is September 23 2025. RFQ responses must be delivered to: IPP Office Building 9 Byls Bridge Office Park Corner Jean Avenue and Olievenhoutbosch Road Centurion Pretoria Enquiries should be directed to the project officer via email: query@ This article was sponsored by the department of electricity & energy.
TimesLIVE
04-08-2025
- Business
- TimesLIVE
Department of electricity & energy launches first phase of ITP Procurement Programme
The department of electricity & energy invites experienced and committed consortia to submit Request for Pre-Qualification (RFQ) responses for new electricity transmission infrastructure capacity under the first bid submission phase of the Independent Transmission Projects (ITP) Procurement Programme (IPPP tender no: DEE/001/2025/26). The department, in consultation with the National Transmission Company SA, has subsequently identified the transmission lines and associated substations, aligned to the Transmission Development Plan, that the private sector will design, finance, construct, operate and maintain under this programme. The purpose of this RFQ stage is to identify and shortlist pre-qualified bidders with the necessary technical expertise, financial capacity and proven experience required to deliver transmission capacity at significant scale and within accelerated time frames. Pre-qualified bidders (evaluated on the criteria set out in the RFQ) are afforded the opportunity to submit bid responses to the subsequent Request for Proposal. Prior to accessing the RFQ — available for download online via the ITP Procurement Programme website — each prospective bidder is required to pay a non-refundable documentation fee of R150,000. The required documentation fee is payable by means of a direct deposit or electronic funds transfer into this bank account: Bank: Nedbank Account name: GTAC-IPP Account type: Current Account number: 1068872608 Branch: Corporate Client Services, Johannesburg Branch code: 198765 Swift code: NEDSZAJJ NB: The prospective respondent company name must be used as the payment reference. The last date to register for participation in this RFQ phase is approximately 20 days prior to the RFQ response submission date. The exact date will be communicated on the ITP Procurement Programme website. Prospective respondents must follow the online registration process that is detailed in the RFQ and will also be communicated before the last day of registration. The RFQ response submission date is September 23 2025. RFQ responses must be delivered to: IPP Office Building 9 Byls Bridge Office Park Corner Jean Avenue and Olievenhoutbosch Road Centurion Pretoria
Associated Press
03-07-2025
- Business
- Associated Press
Fujitsu to develop ETF trading platform based on TSE's CONNEQTOR and provide it to Australian Securities Exchange
TOKYO, July 2, 2025 /PRNewswire/ -- The Australian Securities Exchange (ASX), the Tokyo Stock Exchange, Inc. (TSE), and Fujitsu Limited on June 2, 2025 signed MOU to develop a SaaS-based Request for Quote (RFQ) platform. Fujitsu will develop the platform based on 'CONNEQTOR,' an RFQ platform for the ETF market developed by TSE and Fujitsu, and provide it to ASX. The initiative aims to modernize the process for ETF pricing in Australia by implementing a SaaS RFQ platform, built and managed by Fujitsu. The foundation of this new platform is the CONNEQTOR system provided by TSE, one of Asia's most successful RFQ platforms. Since its launch in February 2021, CONNEQTOR has enabled over 290 users to significantly reduce costs and improve the efficiency of their ETF trading operations. Monthly trading value reached a record high of JPY 306.4 billion in April 2025. Fujitsu will serve as the service provider for the Fujitsu RFQ platform, responsible for service development, provision, and utilization support. TSE, as the licensor and operator of the CONNEQTOR system, will provide support for the platform's implementation. Andrew Walton, General Manager, Trading, ASX comments: 'ASX is excited to partner with Fujitsu and TSE to explore the opportunities the Fujitsu RFQ platform can deliver for the Australian market. With the ability to increase liquidity and price discovery, ASX sees the potential to support the development of this market segment and its participants. We will be engaging extensively with the Australian industry to gather feedback to assess the feasibility of launching this platform in the first half of 2026.' Satoshi Takura, Senior Executive Officer, TSE (Senior Executive Officer & CIO, Japan Exchange Group) comments: 'It is great to join forces on the feasibility of a service based on TSE's CONNEQTOR. By providing international and diverse market functions, we hope to contribute to the development of the global ETF market from a technological perspective.' Masaru Yagi, Corporate Executive Officer, EVP, Fujitsu comments: 'Fujitsu is excited to explore this opportunity to provide the Fujitsu RFQ platform for the Australian Securities Exchange. Leveraging our deep experience in building and maintaining financial infrastructure with cutting-edge technology, we're confident that our strong partnership with the Tokyo Stock Exchange will unlock even greater value for the ASX and its global customers.' Full release click here View original content: SOURCE Fujitsu Limited
Yahoo
24-06-2025
- Business
- Yahoo
Is WidePoint Positioned to Capitalize on Spiral 4 Contract Activity?
WidePoint Corporation WYY is making visible progress under the Department of Defense's Spiral 4 contract, positioning it for long-term execution gains. This contract, valued at up to $2.7 billion across multiple vendors, represents a major pipeline opportunity. The opportunity is especially timely as many task orders under the previous Spiral 3 vehicle are approaching the first quarter of 2025, WidePoint secured two new task orders under Spiral 4, adding to a base-year award announced earlier, which holds a potential 10-year value of roughly $25 million. While the latest awards were modest in size, management noted that increased activity and incoming Requests for Quotations ('RFQ') are signs of growing traction. Several awards under Spiral 3 are set to end by mid-2025 and WidePoint expects momentum to pick up as agencies transition contracts to the new support this growth, the company is expanding its internal team dedicated to Spiral 4, indicating confidence in both pipeline conversion and long-term execution. Unlike most competitors on the vehicle, WidePoint delivers managed mobility and lifecycle services that go beyond core carrier offerings — a point it believes strengthens more RFQs in motion and an active shift from Spiral 3 to Spiral 4, WidePoint appears focused on capturing recurring task orders under this large-scale federal contract. The coming quarters will be key in determining whether early progress can translate into sustainable growth across its federal portfolio. While WidePoint is steadily gaining ground under Spiral 4, other federal mobility providers are also making moves under the same contract. Among them, EchoStar Corporation SATS and T-Mobile US, Inc. TMUS have emerged as key players positioning themselves within this through its subsidiary Hughes Network Systems, is leveraging Spiral 4 to expand the role in federal mobility by offering integrated 5G and satellite-backed connectivity solutions. The company's focus remains on delivering secure, wide-area coverage for mission-critical use cases, especially in remote or infrastructure-limited environments. However, ongoing operational scrutiny around its wireless service obligations could pose challenges as EchoStar scales within the federal space.T-Mobile is also participating in Spiral 4, bringing its nationwide 5G network and secure mobility offerings to the federal market. On June 13, 2024, the company was selected by the U.S. Department of the Navy as a wireless solutions provider under the $2.67 billion contract. The award enables Department of Defense agencies to procure wireless services and equipment from T-Mobile for the next 10 years. Through Spiral 4, the company is offering voice, data, fixed wireless, IoT and mobility management services, all supported by its national 5G network. T-Mobile continues to build on its product portfolio and track record in government, aiming to serve both military and civilian agencies with scalable, secure solutions. WYY's shares have declined 14.6% in the past three months against the industry's rise of 8.4%. Image Source: Zacks Investment Research WYY stock is currently trading at a discount. It is currently trading at a forward 12-month price-to-sales multiple of 0.18X, well below the industry average of 1.8X, reflecting an attractive investment opportunity. Image Source: Zacks Investment Research The Zacks Consensus Estimate for 2025 has shifted from earnings of 1 cent per share to a loss of 14 cents over the past 60 days. WYY's earnings for 2026 are likely to witness robust growth of 175%. Image Source: Zacks Investment Research The company currently carries a Zacks Rank #5 (Strong Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report WidePoint Corporation (WYY) : Free Stock Analysis Report EchoStar Corporation (SATS) : Free Stock Analysis Report T-Mobile US, Inc. (TMUS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
