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.
Country news
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May 08, 2019
Agreement signed for the largest utility scale solar project in Oman
A consortium composed of ACWA Power, Gulf Investment Corporation (GIC), and Alternative Energy Projects Co. (AEPCo) has signed the project agreements for the development of 500 MW Ibri-2 Independent Power Producer (IPP) with the Oman Power and Water Procurement Company (OPWP).
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March 18, 2019
Oman's OPWP award 500-MW solar project
Oman Power and Water Procurement Co (OPWP) on Sunday announced the awarding of Ibri II Solar Independent Power Project (IPP) to a consortium comprised of Saudi Arabia-based ACWA Power and Kuwait’s Gulf Investment Corporation and Alternative Energy Projects Co.
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November 14, 2018
MoU signed for 2 GW solar steam project in Oman
GlassPoint Solar and Occidental of Oman have signed a Memorandum of Understanding (MoU) to develop a large solar thermal energy plant, exceeding 2 GW, at the Mukhaizna oilfield in the Sultanate of Oman.
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October 30, 2018
Gulf Energy Development cements participation in US$480 million power project in Oman
Gulf Energy Development (GED) has announced that it has completed the acquisition of a 45% stake in Duqm Power Company (DPC) from the Oman Oil Company (OOC), a wholly-owned subsidiary of the Omani government. DPC has been established to develop a 326 MW independent power and water project in the Duqm Special Economic Zone of Oman.
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July 03, 2018
Oman starts RfP stage of 500 MW solar tender
A request for proposals (RFP) to the pre-qualified applicants of the 500 MW solar tender has been issued by the Oman Power and Water Procurement Company SAOC (OPWP).
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