MUSCAT: Chief Executive Officer of Rural Areas Electricity Company of Oman (RAECO), Hamad bin Salim Al Maghderi, said that company announced to invest OMR153 million for next year three years to raise power expansion, transmission lines and distribution network in different parts of Oman.
Al Maghderi, said this was the assured capital expenditure between 2015 and 2017 under a business plan, which is under implementation now. Power generation capacity of Raeco will be raised by 145 megawatt (mw) under the plan, taking the total capacity to 427mw by the end of 2017.
“We are developing a power plant in Mazyouna, a new transmission line in Haima and network expansion in Duqm,” he said, on the sidelines of a meeting to announce the Distribution Code review Panel’s annual event for companies engaged in the electricity sector on March 9.
