For the Omani power sector, 2015 was a year to look back and take stock. In the 10 years since market reforms were introduced, the industry has witnessed a 164% increase in supply and a 75% increase in the number of accounts.
For the Omani power sector, 2015 was a year to look back and take stock. In the 10 years since market reforms were introduced, the industry has witnessed a 164% increase in supply and a 75% increase in the number of accounts.
In late 2015 in the desert of southern Oman, work is due to start on a $600m solar plant capable of producing a peak output of 1 GW of thermal energy. By comparison, the current largest photovoltaic (PV) solar plant in the world – the Solar Star project in California – produces 579 MW, or a little over half as much energy as the plant being...
Oman’s stock exchange, the Muscat Securities Market (MSM), saw an uptick in equity listings in 2014. Although 2015 has been more subdued, several firms have announced plans for initial public offerings (IPOs). Market capitalisation is small by regional standards and the market also has comparatively low levels of trading, although regulatory...
THE COMPANY: One of the oldest investment holding companies in Oman, Ominvest was established in 1983 by private business groups, public sector institutional investors and the general public. It has seen steady growth since being listed on the Muscat Securities Market in 1989. Reflecting solid...
THE COMPANY: Omani Qatari Telecommunications Company (Ooredoo), a leading provider of telecoms services in Oman, was founded in 2004 with its headquarters in Muscat. In February 2005 it was awarded a mobile licence in Oman for 15 years, and in June 2009 it was granted a 25-year fixed licence. Its...
THE COMPANY: Phoenix Power’s core activity is to develop, finance, operate, maintain and insure a gas-fired power generating plant located in Sur Industrial Estate between the Oman LNG terminal and Oman India Fertiliser Company plant. The plant has been in full commercial operation since December...
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