OETC signs $476 million pacts as part of the national power grid project


هذه الصفحة متوفرة بهذه اللغة: العربية

26 October 2020

Muscat (WAF): Oman Electricity Transmission Company (OETC) has signed five agreements within the project of linking electricity networks in northern Oman and the concession areas of PDO and Al-Wusta Governorate as a first stage of forming Oman’s national grid.

The Oman News Agency stated that the RO183 million-agreements ($476 million) cover “the construction of a 400-kilovolt transmission line of 660 kilometres in length, which includes five main stations, namely, Nahida, Barik, Saiweihat, Duqm and Mahout”. The project also includes linking future renewable energy stations at al-Wusta Governorate.

In June 2018, Nama Group – the government’s arm in the electricity and associated water sector, and majority-owner of OETC- announced the signing of an agreement to start procedures for connecting the northern and southern electricity networks within five years in a project estimated to cost RO500 million ($1.3 billion). The Special Economic Zone of Duqm, which the Sultanate relies on to attract foreign investments, is one of the main targets of the national grid.

It is noteworthy that the Sultanate’s government announced last December the sale of 49% of the Oman Electricity Transmission Company to the State Grid Corporation of China (SGCC) for one billion US dollars.

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