China’s State Grid enters agreement with Oman Electricity Transmission Co for stake acquisition
Oman’s Nama Holding, the holding company of state-owned electricity network companies, has entered into an agreement with the State Grid International Development Ltd. (SGID), a wholly-owned subsidiary of the State Grid Corporation of China (SGCC), for the sale of a 49% stake in the Oman Electricity Transmission Company (OETC).
The transaction is subject to the approval of the authority for Electricity Regulation, and (subject to satisfaction of this condition) completion is expected to occur in early 2020.
The deal could potentially generate up to US$2 billion in investment.
Country updates
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November 21, 2019
Nebras Power completes acquisition of 9.9% stakes in Amin Solar Project
Nebras Power, a joint venture of Qatar Electricity and Water Company (60%) and Qatar Holding (40%), has completed the acquisition of a 9.9% stakes in the 105 MWac solar photovoltaic project in Amin....
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September 17, 2019
Enertis appointed for the Owner’s Engineer role for building 100 MW solar PV project in Oman
Enertis has been selected by the consortium Amin Renewable Energy Company SAOC as the owner engineer for the 100 MW Amin solar photovoltaic plant located in about 210 km North-East of Thumrait, in Oma...
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September 04, 2019
Masdar completes first power of 50 MW Dhofar wind farm in Oman
Abu Dhabi-based renewable energy major Masdar has completed the first power of the 50 MW Dhofar wind project located in Dhofar Governorate in Oman. The facility consists of 13 un...
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August 02, 2019
Oman launches consultancy tender for demand response study
The Oman Power and Water Procurement Company (OPWP) has invited interested consultancy firms to conduct a detailed report on demand response study for the country's electricity sector. OPW...
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July 19, 2019
Oman launches RFQ for Manah Solar I and II projects
The Oman Power and Water Procurement Company (OPWP), a member of Nama Group, has launched a request for qualifications (RFQ) for the development of two solar photovoltaic farms each with a genera...
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