Higher gas price, demand growth fuel 61 pc jump in power costs

Higher gas price, demand growth fuel 61 pc jump in power costs

May 03, 2016 - 16:53
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The cost of electricity purchased by the nation’s sole power offtaker, Oman Power and Water Procurement Company (OPWP), for eventual distribution to consumers, surged 61 per cent in the Main Interconnection System (MIS) last year, driven primarily by a 100 per cent increase in the price of natural gas — the principal fuel for electricity generation in the Sultanate.

Read more at Oman Daily Observer