Oman is pressing on with reforms to its electricity sector – which will involve changing its tender model and launching a spot market – to allow power plants that were constructed many years ago to compete for contracts alongside new facilities.
Under the current system, Oman Power and Water Procurement Co. (OPWP) purchases electricity from generators through long-term power-purchase agreements (PPAs) that have just started to expire. When the company needs new generating capacity it invites developers to submit bids to build new plants and supply...
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