Page 3 - Main Interconnected System News Today

EARNINGS SURGE: Cost Reflective Tariffs for large customers contribute to revenue growth -Conrad Prabhu -MUSCAT, JULY 9 -Reversing a longstanding trend in rising government grants to the sector, electricity subsidy is projected to ease to RO 456.3 million in 2017 versus an amount of RO 510.5 million disbursed last year, entailing a 10.6 per cent decline,...

OETC issues successful 10-year International Bond MUSCAT, February 11, 2021 Oman Electricity Transmission Company (OETC), a member of Nama Group, floated a $600 million bonds issue in the international bonds market maturing in 10 years, in February 2031 at an interest rate of 5.800%.   This is the first Government Related Entity (GRE) issuance out of Oman since 2018 and it marks OETC’s return to the capital markets after a brief hiatus of about 4 years, said the company in a statement. �...