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FINANCIAL NEWS
Oman’s investment in elect projects log 27 percent grow
02 Mar 2016
(MENAFN) Oman’s capital investment in elect projects registered an increase of 27 percent at USD 572.1mn in 2015, against USD 450.39mn in 2014, despite fall in oil prices.
Furthermore, the cost of investment in these projects involves establishment of new networks and main electrical transformer station and connection of power supply.
The number of consumers increased to 993,880 last year, introducing a growth of 6.6 percent, compared to 932,208 consumers in the previous year.
However, decline in oil prices would not influence the plans of the firms in applying of various power projects as there is a clear work program supported by the gov’t.
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