MUSCAT: Oman’s capital investment in electricity projects recorded a growth of 27 per cent at OMR221 million in 2015, as against OMR174 million in 2014, despite plunging crude oil prices and global economic crisis, a top official said.
The cost of capital investment in these projects includes establishment of new networks and main electrical transformer stations as well as connection of power supply to subscribers across the Sultanate, Engineer Hamad bin Salim Al Maghderi, chief executive officer of Rural Areas Electricity Company and chairman of the Distribution Code Review Panel, said at a press conference in Ghala, on Tuesday.
While stating that the annual power demand is estimated at eight per cent, Al Maghderi pointed out that the number of consumers increased to 993,880 last year, representing a growth of 6.6 per cent, compared to 932,208 consumers in the previous year.
“The electricity produced during the year 2015 reached 14 gigawatts/hour, while the electricity supplied was about 7,850 megawatts,” the CEO added. He explained that decline in oil prices would not affect the plans of the companies in implementation of various power projects as there is a clear work programme supported by the government which is going on according to the planned schedule.
“The electricity sector projects were not affected by lower or rising oil prices, but are affected by the demand for electric power in the Sultanate and these projects are self-funded,” he said.
Listing the achievements of the Distribution Code Review Panel (DCRP) last year, Engineer Al Maghderi said that it approved 190 companies operating in the electricity, including 159 small and medium companies. “The number of Omani nationals working in the electricity sector companies registered at Distribution Code Review Panel reached more than 4,000 workers,” he added.
Engineer Al Maghderi also pointed out that DCRP approved 93 engineers specialised in protection, inspection and operation in the electrical contracting firms. The number of qualified protection engineers working with contractors reached 39 engineers, while the number of examination and operation engineers reached 54 engineers.
He stressed that the DCRP was committed in Omanisaton of electricity sector jobs and that it is adhering to the laws and regulations of nationalisation of workforce in Oman.
