Category: POWER

Compelling investment opportunity

The IPO of Dhofar Generating Company which opened for subscription on July 1, 2018, and will close on July 30, 2018 represents an offer of 40 per cent of the share capital of the company The Dhofar Generating Company (DGC-under transformation) announced that it is opening its Initial Public Offering (IPO) for subscription. The company […]

Nama Group posts RO1.12bn in revenue

Nama Group has announced that its revenue had reached RO1.12bn in 2017 while the group’s total investments in the development of transmission and distribution networks had touched RO469.70mn. Speaking at a press conference, Eng Omar bin Khalfan Al Wahaibi, CEO of Nama Group, said, “Nama Group continued to record considerable growth in 2017 by enhancing […]

ACWA Power wins $302mn solar project in KSA

ACWA Power, a global leader in developing, constructing, and operating power generation and water desalination plants, has won the Skaka independent power producer photovoltaic (IPP PV) solar project, the first utility-scale renewable energy plant in Saudi Arabia. This plant is the first project under an ambitious Saudi national renewables programme, aiming to produce 9.5GW of […]

Nama appoints advisors for privatising five subsidiaries

Nama Holding, a government-owned holding company of Nama Group which is engaged in generation, transmission, distribution, supply and procurement of electricity in Oman, has appointed a consortium of advisors, jointly led by London Economics and Lazard Freres, to privatise its five subsidiary power distribution and transmission firms. London Economics will provide economic advisory services, while Lazard […]

Muscat Desalination
MCDC IPO opens for subscription

Muscat City Desalination Company (MCDC), which is opening its initial public offering today, said the company plans to offer a projected dividend yield of 8.3 per cent for the first five years, considering the offer price of 116 baisas. This compares with the average dividend yield of 5.9 per cent for the other power and […]

OETC has no plans to raise fund, says Nama group

Nama Holding said that its subsidiary Oman Electricity Transmission Co. has no plans to raise additional fund this year as the firm has already raised $500 million earlier this year. The company was responding to a wrong international agency report, which said Nama group is planning for a $500 million sukuk programme. Nama Holding has […]

Setting standards

A round-table discussion on the Distribution Code Review Panel (DCRP) organised by Nama Group and OER underlines the need for safeguarding the rights of electricity consumers in addition to reviewing Oman Electrical Standards (OES) to align with the current needs of the electricity sector   PARTICIPANTS Eng. Sultan Said Al Qatabi, Manager, DCRP   Eng. Hassan Al Abduwani, […]

In expansion mode

Oman Electricity Transmission Company is making substantial investments for building new power infrastructure and upgrading existing transmission facilities to meet the future growth in demand, says CEO, Eng Ali Said Al Hadabi in an interview to Muhammed Nafie Can you talk about the operation of OETC and the major milestone achievements of the company? Oman […]