Oman launches electricity sector privatisation drive | Financial Times

Oman launches electricity sector privatisation drive | Financial Times:

Oman has launched a multi-billion-dollar privatisation process in its electricity sector, seeking to sell off strategic stakes in five transmission and distribution companies.

Nama Holding, the state electricity group, hopes over the next 12 months to finalise the sale of up to 49 per cent of its shares in Oman Electricity Transmission Company, which has assets of $2.2bn, and up to 70 per cent of shares in Muscat Electricity Distribution Company, with assets of about $1bn.

The process, launched in London on Monday, will be followed in 2019 with the sale of up to 70 per cent of shares in three other distribution and supply companies: Majan Electricity Distribution Company, Mazoon Electricity Distribution Company and Dhofar Power Company.