RO 1.4 Billion Investment in Oman’s Green Energy Super-Grid: Implications for Investors and Business Owners
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Oman’s infrastructure and project finance sector is advancing with a comprehensive capital investment program aimed at ensuring long-term energy security while driving progress towards the goals outlined in Oman Vision 2040. This initiative positions the Sultanate’s utilities for a decade of steady growth and leadership in the region’s transition to green energy. Recent improvements in operational efficiency, coupled with strong government support, bolster this optimistic outlook, as outlined in Moody’s report released on November 12.
Central to this strategy is a transformative capital program. The three primary rated utilities—Oman Electricity Transmission Company SAOC (OETC), Nama Electricity Distribution Company SAOC (NEDC), and Dhofar Integrated Services Company SAOC (DISC)—are set to invest RO 1.4 billion from 2025 to 2027. This investment is not just about maintaining existing assets; it establishes the framework for Oman’s future green super-grid, facilitating the national goal of sourcing 30% of electricity from renewables by 2030 and addressing a projected annual demand growth of approximately 4%.
A flagship project propelling the sector into its next phase is OETC’s Rabt 400 kV transmission interconnector, a landmark initiative linking the northern power systems to the central and southern governorates. Upon completion, Rabt aims to integrate regions historically reliant on costly, carbon-intensive diesel generation, thereby facilitating the use of large-scale wind and solar energy, enhancing grid resilience, and significantly reducing long-term operating costs. This project is pivotal in unlocking Oman’s renewable energy potential and ensuring reliable power supply for both industries and households.
Source: Wikipedia