Oman Power Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Oman Power Market is segmented by Power Generation and Power Transmission and Distribution.

Market Snapshot

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Study Period:

2016 - 2026

Base Year:

2020

CAGR:

0 %

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Market Overview

Oman’s power generation sector is overly dependent on gas-fired generation, with gas amounting to over 90% of the power generation in the country in 2018. Oil is responsible for the rest of the production in the country. The oil-fired production is mainly the result of oil being used as a secondary fuel in gas-fired power plants. Factors, such as the growing deployment of renewable energy power plants, targets to achieve diversification in the power generation sector, and the increasing demand for electricity, are expected to be the major drivers for the power generation sector in the country. However, the dominance of state-owned enterprises (SOEs) and a negative business environment are expected to tighten the market penetration scope for private/overseas investors in the coming years.

  • The power transmission and distribution infrastructure in Oman is expected to witness significant growth in the coming years, owing to the country’s growing economy, resulting from the fast-growing population, change in lifestyles, and rapid industrial and urban expansion, which boosted the demand for power significantly in the recent years.
  • In addition to clean coal and waste-to-energy plants, the renewable sector is expected to witness significant developments over the forecast period, which, in turn, is expected to open up market opportunities for both domestic and international renewable energy providers in the Omani power market.

Scope of the Report

The Omani power market report includes:

Power Generation
Market Overview
Key Existing and Upcoming Projects
Key Players (Domestic and International Players)
Power Transmission and Distribution
Market Overview
Key Existing and Upcoming Projects
Key Players (Domestic and International Players)

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Key Market Trends

Expansion of Transmission and Distribution Infrastructure

  • Oman’s electricity sector has two major networks, the Main Interconnected System (MIS) and the Dhofar Power System. Four distribution and supply license holders, i.e., Muscat Electricity Distribution Company (MEDC), Mazoon Electricity Company (MZEC), Majan Electricity Company (MJEC), and Dhofar Power Company (DPC), take the bulk of the power transmitted through the main grid stations to supply the distribution system.
  • Oman’s electricity transmission network is comprised of 87 grid stations interconnected by 132kV, 220kV, and 400kV overhead lines and underground cables.
  • Oman Electricity Transmission Company (OETC) operated the extra-high voltage (EHV) transmission network, covering over 95% of Oman’s electricity market in its two licensed areas of Northern Oman (referred to as the Main Interconnected System or MIS) and Southern Oman (Dhofar Governorate), as of 2017.
  • OETC completed 27 major projects during the period 2016-2017, with a total value of OMR 249 million, comprising new grid stations, overhead transmission lines, and underground cables. Under the OETC capital expenditure program, the company has planned around 38 transmission projects with a budgeted CAPEX of OMR 400 million for the period 2018-2022. These projects are designed for the evacuation of new generation capacity and to support load growth and system security in the country.
  • With a number of transmission and distribution projects under planning, construction, and design stages, the country’s T&D infrastructure is expected to witness significant growth over the forecast period.
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Competitive Landscape

The Omani power market is highly concentrated with the dominance of state-owned enterprises in the country’s power sector. Some of the major companies include Oman Electricity Transmission Company S.A.O.C, Muscat Electricity Distribution Company, Al Batinah Power Company SAOG, and Sohar Power Company SAOG.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definiton

    3. 1.3 Study Assumptions

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Power Industry Structure in Oman and Key Stakeholders

    3. 4.3 Primary Energy Mix in 2019

    4. 4.4 Electricity Consumption Forecast in TWh, till 2026

    5. 4.5 Installed Power Generation Capacity in MW, till 2026

    6. 4.6 Net Electricity Production by Region in GWh, 2010-2019

    7. 4.7 Electricity Consumption by Sector in GWh, 2010-2019

    8. 4.8 Installed Power Capacity by Region, 2010-2019

    9. 4.9 Recent Trends and Developments

    10. 4.10 Government Policies, Regulations, and Targets

    11. 4.11 Market Dynamics

      1. 4.11.1 Drivers

      2. 4.11.2 Restraints

    12. 4.12 PESTLE Analysis

    13. 4.13 Impact of the COVID-19 on the Omani Power Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 Power Generation

      1. 5.1.1 Market Overview

      2. 5.1.2 Key Existing and Upcoming Projects

      3. 5.1.3 Key Players (Domestic and International Players)

    2. 5.2 Power Transmission and Distribution

      1. 5.2.1 Market Overview

      2. 5.2.2 Key Existing and Upcoming Projects

      3. 5.2.3 Key Players (Domestic and International Players)

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Phoenix Power Company SAOG

      2. 6.3.2 ACWA Power

      3. 6.3.3 Sohar Power Company SAOG

      4. 6.3.4 Oman Power and Water Procurement Company (OPWP)

      5. 6.3.5 United Power Company (SAOG)

      6. 6.3.6 Dhofar Generation Company SAOC

      7. 6.3.7 Oman Electricity Transmission Company S.A.O.C

      8. 6.3.8 Muscat Electricity Distribution Company

      9. 6.3.9 Majan Electricity Company (SAOC)

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Oman Power Market market is studied from 2016 - 2026.

The Oman Power Market is growing at a CAGR of 0% over the next 5 years.

  • Oman Electricity Transmission Company S.A.O.C
  • Muscat Electricity Distribution Company
  • Al Batinah Power Company SAOG
  • Sohar Power Company SAOG

Are the major companies operating in Oman Power Market.

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