2 electricity firms to be privatised

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.