Nama Group signs power project contracts worth OMR159m

26/11/2015 08:03 AST

Nine contracts worth OMR159 million were signed by the Nama Group during the recent Business Opportunity Forum, which involve different projects that the group will be undertaking in 2015.

Also, the group has presented its most important projects for the year 2016, valued at a total of OMR400 million in the forum’s brochure.

The signed projects include a project to improve the network in Al Rustaq in South Al Batinah, a project to supply electricity to governmental entities in Wilayat Ibri in the North Sharqiyah region and a project to build transformer stations in Ibra and Salalah.

Furthermore, the Rural Areas Electricity Company (Raeco) has signed a contract to supply fuel to power generation stations that belong to it. As part of improving the capacity of the network, there are also three projects that will help build three generation stations in Saih Al Kheirat in the govenorate of Dhofar and Wilayat Khasab in Musandam and Wilayat Musairah in Al Sharqiyah.

“The group is working to support the needs of economic growth through cooperation with the concerned authorities to implement projects. The forum will provide an appropriate platform to identify the suppliers and contractors, with the most important investment opportunities in development of the group for 2016,” said Omar Al Wohaibi, chief executive officer of the Nama Group.

The Nama Group sponsored the “Business Opportunities Forum” as a gold sponsor. The forum was organised by the Oman Chamber of Commerce and Industry’s (OCCI) on November 16 and 17 at the Oman International Exhibition Centre.

Times of Oman