Acquisition of Oman Electricity Transmission Company
State Grid Corporation of China (SGCC) has completed the 49% equity acquisition of Oman Electricity Transmission Company (OETC) together with seller Nama Group. Oman Electricity Transmission Company operates as a transmission system provider in Oman.
OETC has a vital role in the Oman Electricity Sector, as it owns and operates the main transmission network as well as transmission network in Dhofar through which electricity is transmitted from the generating stations to the distribution load centers in all governorates of the Sultanate. The main electricity transmission network operates at high voltage of 132kV and above. OETC also has the responsibility of balancing generation and demand at all times of the day as part of its responsibilities for the economic dispatch of power in the Sultanate.
As a technical partner, SGCC will make use of its technologies and experience in grid operations management with its local partners in the region to continue improving the operational safety and distribution capacity of the country's electric grid.
SGCC seeks to fulfill its social responsibilities to accomplish better results. In its approach to international stock assets acquisition in the overseas power and energy sector, greenfield development projects and asset operation management, SGCC follows the principles of equality and mutual growth.
