May 22, 2018 3:04 AM ET

Electric Utilities

Company Overview of Muscat Electricity Distribution Company

Company Overview

Muscat Electricity Distribution Company provides electricity distribution services in Muscat. It provides services to private consumers, commercial consumers, and government sector. The company was founded in 2005 and is based in Muscat, Oman. Muscat Electricity Distribution Company operates as a subsidiary of Electricity Holding Company SAOC.

Medcoman Building

131 Al Hamrya

Ghubrah

Muscat,  112

Oman

Founded in 2005

Phone:

968 24588600

Fax:

968 24588666

Key Executives for Muscat Electricity Distribution Company

Compensation as of Fiscal Year 2017.

Muscat Electricity Distribution Company Key Developments

MEDC Signs Contract with ROP Worth OMR 1.70 Million

A OMR 1.70 million contract to build an electrical transformer station for the police hospital in Al-Arfan city was signed during a meeting of the Internal Tenders Committee, Muscat Electricity Distribution Company (MEDC). The contract was signed by Engineer Abdullah bin Saeed Al Badri, chief executive officer of the company. The contract provides for the construction of an electrical transformer station for the Royal Oman Police Hospital in Al-Arfan city, with a capacity of 3x20 MVA, and a voltage of 33/11 KV. This step comes as part of the company's continuous efforts to develop and operate a safe and economical operation for its network in the Governorate of Muscat, in line with the requirements of comprehensive urban and economic development. The implementation of this project will contribute to improving the efficiency of the main electricity network. The contract is part of a business package to strengthen the electricity network in Muscat Governorate. In 2017, the company invested in three new primary stations, with an additional capacity of 117 MVA, bringing the total installed capacity in 170 stations to 6029.5 MVA.

Nama May Defer Muscat Electricity IPO

MNama Group might look to defer the proposed initial public offering of Muscat Electricity Distribution Company due to unfavourable market conditions. “We are reconsidering the options whether we will go for IPO or something else. Another option could be a strategic partner or some other method of privatization. The current economic situation in the country and the appetite in the local market is the main reason why, the group is reconsidering,” Eng Omar al Wahaibi, Chief Executive Officer of Nama Group said.

Nama May Defer Muscat Electricity IPO

Nama Group might look to defer the proposed initial public offering of Muscat Electricity Distribution Company due to unfavourable market conditions. “We are reconsidering the options whether we will go for IPO or something else. Another option could be a strategic partner or some other method of privatization. The current economic situation in the country and the appetite in the local market is the main reason why, the group is reconsidering,” Eng Omar al Wahaibi, Chief Executive Officer of Nama Group said. Wahaibi added the committee on privatization will soon meet to decide on various options going forward, which includes engaging strategic partner or any other option.

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