FINANCIAL NEWS

Oman to start trial work for spot market by 2019

24 Jul 2016

(MENAFN) Oman aims to start trial work for a spot market for electricity by 2019 and commercial operation in the coming year.

Furthermore, the market is a substitute route for power producers to sell electricity for the state-owned obtained firm.

Additionally, the spot market is predicted to enhance the potential for competition in Oman’s power generation market.

On the other hand, plans are afoot to import and export power with other GCC states, while Oman Power and Water Procurement is working with Oman Elect.

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