21/05/2015 00:56 AST

Dr Rasheed bin al Safi al Huraibi, Chairman of the Tender Board, opened the first Oman Energy & Water Exhibition & Conference (OEWEC) the Oman International Exhibition Centre on Tuesday. The three-day event comes as part of the Sultanate’s constant efforts to provide power to meet needs of the various infrastructure projects. Mohamed bin Abdullah al Mahrouqi, Chairman of the Public Authority for Electricity & Water (PAEW) delivered his welcome address to VIPs consisting of high-level officials from the government, executives of power and water companies, members of the Diplomatic Corps, SABCO Group executives and delegates representing the private and public sectors. Omanexpo, in cooperation with the PAEW, tried to bring in high-level local and international speakers to present Oman’s Master Plan 2040 for the power and water sectors.

Speakers discussed the national energy strategy for the electricity sector, which centres on energy efficiency and conservation, linking the development of policies and action plan to renewable energy and sustainable development. They will also address the recurrence of water shortage and the contingency measures to resolve this issue. The meeting discussed development of the sectors’ infrastructure and five-year operational plan, and the current development projects that will play a key role in meeting surging demand.

There is a significant number of multi-billion dollar major independent power plants (IPPs) and independent water and power plants (IWPPs) being rolled out and in the pipeline. This includes the $ 1.6 billion Sur Independent Power Plant Project, Oman’s largest power project, the Wadi Dayqah Water Treatment Project, the Salalah 2 Independent Power Plant, the Qurayat Desalination Plant Project, the Barka Desalination Extension Project, and Al Ghubrah Seawater Desalination Project, among others.

Close to 70 local and international power and water companies from the Sultanate, Austria, Bahrain, Belgium, Jordan, Iran, Italy and the UAE showcased the newest products and services in the market. OEWEC is an international event dedicated to the power generation, renewable and alternative energy and transmission and distribution, and water-related industries. It is designed to be a platform for stakeholders to discuss real issues and solutions to the energy and water challenges and opportunities in the Sultanate.


Oman Daily Observer

Ticker Price Volume
SABIC 114.77 5,915,941
Saudi Public Investment Fund signs agreement with Six Flags to create amusement park in Riyadh

05/04/2018

Saudi Arabia's Public Investment Fund (PIF) has signed an agreement with Six Flags to develop and design an amusement park in Riyadh. Six Flags, the world’s leading international amusement park compa

Arab News

Green energy drive will boost KSA employment: Saudi Arabia’s renewable energy chief

05/04/2018

In an exclusive interview with Arab News, Turki Mohammed Al-Shehri explains how an expanding renewables industry will boost employment as well as pave the way for a greener future.

A massiv

Arab News

Dubai house prices, rents drop in first quarter of 2018

05/04/2018

Dubai’s residential property market continued to soften in the first three months of this year, in line with analysts’ forecasts, with rental values recording a more pronounced fall than sales prices

The National

Saudi Arabia lifts GCC index buoyed by strong oil prices

05/04/2018

Buoyed by a strong oil price of $70 per barrel, Saudi Arabia’s Tadawul shot up by over 6 per cent in March 2018, according to Kuwait Financial Centre’s (Markaz’s) recently released Monthly Markets Re

Times of Oman

Banks’ real estate credit at QR147.7bn

05/04/2018

Qatar banks’ combined credit facilities to real estate sector rose by QR17bn to QR147.7bn in 2017. The banks’ credit to various sectors stood at QR911bn at the end of 2017, up from QR839bn recorded i

The Peninsula