Oman, GCC to cooperate in power trading pilot project| MENAFN.COM

Wednesday, 29 June 2022 09:47 GMT

Oman, GCC to cooperate in power trading pilot project


(MENAFN) Oman's electricity authorities aim at cooperating in an experimental project with members of the GCC to pave the way for an unprecedented commercial power trading, Oman Daily Observer reported.

The experimental projects will help Oman in improving the needed competences to trade in electric power, in addition to evaluating the overall benefits of this probable reserve, Oman Power and Water Procurement Company (OPWP) said.

'GCCIA membership provides access to generation and operating reserves, with tangible benefits to Oman both for planning and operations. The GCCIA is also developing mechanisms for commercial power trading among Member States.' OPWP statement's said.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.