Sustainability drives economies

The Electricity Holding Group in the Sultanate is placing enormous thrust on customer focus and access to safe and reliable electricity throughout the Sultanate. In fact, this is the key focus of the sustainability policy and plan of Electricity Holding Group. An OER Report.

Energy has been the key to economic development worldwide. Across the globe, electric utilities, governments, and utility regulators have explored numerous mechanisms to assure that cost-effective energy efficiency and renewables are delivered to consumers.

Increased availability of electricity energy services at reasonable prices and with less pollution is possible if the right policy options are selected. Making sustainability a goal of the reforms is the first and most important step in any economy. Sustainable energy infrastructure is very often driven by climate policies, energy security and economics. Of late, carbon-intensive energy sources are being replaced by low carbon fuels, such as natural gas and renewable solutions. Energy savings and efficiency improvements are encouraged, and even legally enforced, at every level. This is very much evident on a global scale, even though short-term actions can vary in different regions.

Development is not possible without energy, and sustainable development is not possible without sustainable energy. In 2012, UN Secretary-General Ban Ki-moon launched the Sustainable Energy for All initiative, a global initiative to mobilise all stakeholders to take concrete action toward three critical objectives to be achieved by 2030: (1) ensuring universal access to modern energy services; (2) doubling the global rate of improvement in energy efficiency; and (3) doubling the share of renewable energy in the global energy mix.

As a part of its commitment to sustainability and responsible business conduct, the Electricity Holding Group in the Sultanate is placing enormous thrust on customer focus and access to safe and reliable electricity throughout the Sultanate. In fact this is the key focus of the sustainability policy and plan of Electricity Holding Group.

The Group’s vision is to develop and empower its human resources to deliver safe and sustainable electricity solutions to customers. Its approach to business is guided by the core values such as teamwork, integrity, quality, customer focus and professionalism. Additionally, the sustainability policy objectives are committed to a triple bottom approach that focuses largely on social, environmental and economic impact.

The Group’s social objectives are aimed at encouraging its staff to spend at least one working day per annum on volunteering activities. This is to enable each employee to know more about the society that he/she serves. Reducing the Lost Time Injury Frequency (LTIF) of the staff and contractor to less than 1 per million work hours and spending RO100,000 per annum on contribution to charitable causes in the Sultanate are among the other social objectives planned.

Reducing carbon footprint

The environmental objectives of the sustainability policy has set an ambitious target of reducing the carbon footprint per MW of electricity and water produced to international standards. The Sultanate is focussed on producing energy from renewable resources in order to reduce dependence on oil and gas. “Twenty five per cent of all future power projects in the Sultanate will be based on renewable energy,” says Eng Hamed bin Salem al Maghdheri, chief executive officer of Rural Areas Electricity Co (Raeco).

The Electricity Holding Group plans to spend RO200,000 per annum on campaigns to encourage residential customers to reduce electricity consumption on a regular basis instead of cutting down electricity consumption only during the commemoration of the annual ‘Earth Hour.’ This is indeed a pioneering step aimed at creating awareness among the community about the need to conserve electricity in the long term.

In the economic realm, the Group aims to ensure fair treatment to all suppliers and service providers through the strict implementation of the Government tender law and at the same time ensure that the Group remains profitable and achieve the targeted rates of return. To support Small and Medium Enterprises in the country, the Group intends to spend RO200,000 per annum on training and developing young talent to enable them to successfully run micro and small businesses. The Electricity Holding Group is keen to complement SMEs initiatives of the Government to ensure a vibrant economy.


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