Muscat: The Muscat Electricity Distribution Company (MEDC) issued a clarification statement on what was circulated about the emergence of discounts on subscribers' bills in electronic payment channels.The company said that is currently working on recalculating the monthly citizen account bills in May and June and July, according to the new amendments to the.
Electricity firms in Oman restore disconnected service omanobserver.om - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from omanobserver.om Daily Mail and Mail on Sunday newspapers.
CONRAD PRABHU@conradprabhuAutomated Meter Reading (AMR) devices have now been installed at the premises of as many as 25,520 large electricity customers in the capital region of the Sultanate an ongoing initiative designed to help them monitor their power consumption.According to Muscat Electricity Distribution Company (MEDC), the state-owned utility.
MEDC targets 15,000 kW of solar PV capacity in Muscat by year-end
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Ambitious goals: Oman anticipates around 30 per cent of its power requirements coming from renewable energy resources by 2030
Grid-connected solar PV systems installed by various government, commercial and residential customers on their premises in Muscat Governorate are projected to offer a total of around 15,000 kW (kilowatts) of renewable generation capacity by the end of 2021.
According to Muscat Electricity Distribution Company (MEDC), the state-owned utility licensed to distribute and supply power to customers across the capital region, the figure represents a nearly four-fold increase from the 4,148 kW of capacity installed as of end-2020.
Privatisation of Muscat utility planned by year-end Published: 9:47 PM, May 11, 2021
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MUSCAT, MAY 11
The partial privatisation of Muscat Electricity Distribution Company (MEDC) is due to be completed before the end of this year, top officials of Nama Group, the parent holding company of government-owned power and water assets, stated here on Tuesday.
Under Nama Group’s privatisation strategy, up to 70 per cent of its equity in MEDC the largest of the country’s distribution and supply entities is being offered for investment, effectively granting administrative and operational control to the strategic investor.
The balance 30 per cent will be eventually offered for public investment via an Initial Public Offering (IPO) to be floated on the Muscat Stock Exchange (MSX).