Oman: In a significant development for Oman’s electricity sector, the Oman Investment Authority (OIA) has successfully concluded a comprehensive restructuring project. This ambitious undertaking has resulted in the formation of two prominent companies under the Nama Group: Nama Electricity Distribution and Nama Supply.
These entities emerged after the merger of Muscat Electricity and Distribution Company (MEDC), Mazoon Electricity Company, Majan Electricity Company, and Tanweer.
This crucial decision reflects the government’s commitment to restructuring the electricity sector in line with its directives.
The primary objective is to enhance spending practices, reduce operational costs, and boost overall efficiency. By streamlining the industry, the government aims to significantly improve the performance of electricity companies while simultaneously enhancing their services.
On the one hand, Nama Electricity Distribution, one of the newly formed entities, will specialize in the management of meters and low-voltage networks. This encompassing scope includes the construction of essential infrastructure such as lines and transformers.
Nama Supply, on the other hand, will be responsible for vital aspects of billing and collection operations, ensuring a smooth and efficient payment system.
Moreover, the merger project holds the promise of numerous benefits. Firstly, it is expected to greatly improve the performance of electricity companies by optimizing their services and reducing operational costs. Additionally, subscribers will benefit from the creation of the Unified Services Center for the Nama Group.
This integrated service window will provide a convenient and centralized platform for all electricity and water-related matters, thereby saving valuable time and effort for consumers.
Furthermore, it is noteworthy that both Nama Electricity Distribution and Nama Supply will extend their services to all governorates of the Sultanate of Oman, with the exception of Dhofar. This comprehensive coverage ensures that the majority of the population will have access to improved services and enhanced efficiency resulting from the merger.