ENERGY TRANSITION

Suhail Bahwan Group and Hungarian company Omsol sign Memorandum of Understanding

Suhail Bahwan Group, one of the largest private business conglomerates in the Sultanate of Oman and Omsol limited, a Hungarian company specialising in renewable and conventional power generation, transmission and distribution, has signed a Memorandum of Understanding (MoU) in the presence of HE Péter Szijjártó, Minister of Foreign Affairs & Trade of Hungary and Sheikha Amal Suhail Bahwan, Vice Chairperson, Suhail Bahwan Group Holding LLC.

The MoU was signed by István Százuj, General Manager of OMSOL Limited and Dharmendrapal Singh Kapoor, General Manager of Bilad Oman, one of the flagship companies of Suhail Bahwan Group. The MoU establishes cooperation between Omsol Ltd and Bilad Oman in the field of metal structure fabrication for solar PV power plants in the Sultanate of Oman.

Istvan said that there is tremendous scope for solar in GCC markets and Oman in particular. Energy is much cheaper here than in Europe. “We are keen to set up a company here in Oman in 2020 through a joint venture that will have 15 to 20 staff.”

Omsol Limited was founded by Hungarian entrepreneurs to develop Oman and GCC markets in photo voltaic solar power panels. The promoters have decades of experience in renewable and conventional power generation, transmission and distribution in Europe, Canada, Australia and in the Middle East.

Bilad Oman is the largest structural steel fabrication company in the Sultanate of Oman and the most reputable in the GCC specialising in the design, fabrication and erection of Pre-Engineered Buildings and structural steel works.