Power wholesale market project discussed
MUSCAT: A workshop on the proposed Omani Electricity Wholesale Market project (Spot Market Project) and the future procurement process at OPWP was organised by Oman Power and Water Procurement Company (OPWP), a member of the Nama Group, targeting stockholders.
It presented a comprehensive introductory overview of how the Spot Market Project is intended to operate, its legal framework and the benefits it will bring to the stakeholders in the electricity sector. An introduction to OPWP’s future procurement process was also presented, in which it was noted that this anticipated process will allow for further flexibility in future contracting, as well as providing for an evaluation mechanism to compare between bids from new entry power plants and currently operating power plants whose power purchase agreements may expire.
“We at OPWP believe that stakeholder engagement is fundamental for the success of the Spot Market Project and the future procurement process. We seek to follow an active collaborative approach with stakeholders to realise the benefits and success of these projects,” stated the Acting CEO of OPWP, Yaqoob al Kiyumi.
The workshop was attended by senior management and experts in the field of electricity markets. The presence of senior management and major stakeholders from across the world showcases the importance of knowledge sharing and stakeholder engagement within the electricity industry.