Oman Electricity Transmission Company (OETC) and key Omani institutions with counterparts from the United Arab Emirates (UAE) have signed an act regarding exploring projects in green steel, aluminium, and renewable energy sectors.
Feasibility studies will kickstart under this memorandum, aiming to delve into the potential of these projects. Collaboration between Oman and UAE entities will facilitate identifying necessary investments, electricity connection requirements, and ensuring adherence to high standards of security and reliability in line with established policies and laws.
This aligns with the shared goals of both nations to tap into opportunities within green industries, renewable energy, and environmental sustainability. It also provides a conducive environment for private sector investment in these areas. Additionally, it underscores Oman’s commitment to achieving carbon neutrality by 2050, with private sector involvement being crucial in driving this transition.
OETC’s support for sectors like renewable energy and green industries echoes its dedication to realizing Oman Vision 2040. This comprehensive vision aims to foster economic development, promote investment opportunities, and enhance the overall welfare across various sectors in Oman.
As a pivotal member of the Nama Group, OETC shoulders the responsibility of electricity transmission and control throughout Oman’s network. Its operations span across various voltage levels, covering most governorates in the Sultanate and managing interconnection lines with the GCC network. This collaboration is poised to advance not only the energy landscape but also the broader developmental agenda of both Oman and the UAE.
