2 elec­tric­ity firms to be pri­va­tised

Oman Daily Observer - - FRONT PAGE -

MUS­CAT: Mus­cat Elec­tric­ity Dis­tri­bu­tion Com­pany (MEDC) and Oman Elec­tric­ity Trans­mis­sion Com­pany (OETC) will be pri­va­tised this year, ac­cord­ing to Omar bin Khal­fan al Wa­haibi, CEO of Nama Hold­ing Group.

More than 16 com­pa­nies have al­ready sub­mit­ted ap­pli­ca­tions and are be­ing as­sessed, which shows that in­vestors place high con­fi­dence and cred­i­bil­ity in the Sul­tanate’s elec­tric­ity sec­tor thanks to trans­par­ent poli­cies and reg­u­la­tions gov­ern­ing the sec­tor, Al Wa­haibi said adding that the sub­scrip­tion will be in a later stage in ac­cor­dance with the pro­ce­dures.

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