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Oman to privatise power stations
- Oman: Thursday, August 27 - 2009 at 13:46
Oman plans to privatise its existing power stations and invest RO3bn ($7.8bn) in new projects over the next six years, in a bid to boost the economy and reduce the budget deficit as electricity demand grows, Reuters has reported. "The aim is to eventually sell, partly or wholly, government owned power stations to attract more international investors to the country," Sheikh Abdulmalik al Hinai, Undersecretary at the Ministry of National Economy said. The private sector's participation will help reduce the government's deficit in the annual budget, he added.
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StaffThursday, August 27 - 2009 at 13:46 UAE local time (GMT+4)
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