GulfBase Live Support
Leave a message and our representative will contact you soon
06/09/2009 00:00 AST
With the Sultanate recently announcing plans to strengthen its power grid with RO3 billion of new projects over the next six years, several independent power producers (IPP) are keen to further tap this sector. Oman is the first country in the GCC to have invited IPPs to generate electricity in the Sultanate as early as in 1996. Since then, to meet rising power consumption in the Sultanate, the authorities have been inviting tenders from IPPs for new power plants as well as for the upgradation of the existing plants. The government had last month issued new tenders for Barka III and Sohar II power projects.
Seeking the co-operation of IPPs to produce electricity and water helps local governments not only to get foreign direct investments (FDIs) in the country but also brings in the latest technology and expertise to the country, Navneet Kasbekar, CEO of Al Kamil Power Company (AKPC), told Times of Oman. "Stringent requirement of Omanisation of important technical positions in such projects enables the imparting of requisite technical expertise and training to the young Omani engineers, which eventually enables them to fully operate the power plants. It was a very wise decision on the part of government to have invited IPPs in Oman."
"Oman is the first country in the GCC that embarked on the privatisation process by bringing-in IPPs. Global players are keen to bid for projects here. Whenever a new tender is announced you will find several international companies participating in the tendering process. Our parent company, the London-based International Power Plc, also participates in new power projects in the country."
For more on this:
http://www.timesofoman.com/innercat.asp?detail=28177&rand=7XQwttvcCrdnJxkr9LRYTVSOlZ
Times of Oman
13/05/2015
GDF Suez has appointed Yaqoub Harbi Salem al Harthi (pictured) as the first Omani CEO for Al Kamil Power Company, an independent power generation company established to build, own and operate the 277
Oman Daily Observer
16/02/2014
Al Kamil Power Company SAOG (the "Company") is pleased to advise the investors' community that the Board of Directors met today, the 13 February 2014, at 2.30 pm and the following important matters w
Stock Market News
19/03/2009
Al Kamil Power Company SAOG, which held its Annual General Meeting on Tuesday, has announced two sets of dividend payments for the financial year ended December 31, 2008. The first payment comprises
Oman Daily Observer
| Ticker | Price | Volume |
|---|
07/04/2026
Kuwait Finance House-Bahrain (KFH-Bahrain) has announced the promotion of two Bahraini professionals to key leadership positions within its retail banking division.
The move is part of the b
GDN Online
07/04/2026
Dubai's property market closed March with a clear leader, with DAMAC Properties topping sales activity by a wide margin as demand held firm despite regional tensions.
The developer recorded
Gulfnews
07/04/2026
Al Meera Consumer Goods Company (Q.P.S.C.) has unveiled a new brand identity, marking a strategic step aimed at strengthening its market presence and advancing its customer-focused and digital transf
Gulf Times
07/04/2026
Saudi-based Middle East Specialised Cables Company (MESC) has announced that it has signed an addendum to a credit facilities agreement with Al Inmaa Bank, thus increasing the total facility to SAR25
Trade Arabia
07/04/2026
Kuwait Airways has announced that it will continue operating its scheduled flights despite the current circumstances, and resume its operations to Manila, Philippines commencing 8 April 2026.
Trade Arabia