Oman And UAE Forge Strategic Partnership To Advance Renewable Energy And Green Industries

In a bid to bolster bilateral ties and drive sustainable development, the Oman Electricity Transmission Company (OETC) and key Omani institutions in the energy and renewable sectors have inked a significant memorandum of understanding with a leading UAE-based company. The signing ceremony, attended by delegates from both nations, signals a monumental step towards fostering cooperation in renewable energy, green metals, and environmental sustainability initiatives.

The memorandum sets the stage for conducting comprehensive feasibility studies aimed at exploring potential projects in renewable energy, green steel, and aluminum. Through this partnership, OETC, alongside other Omani entities, will collaborate closely with counterparts from the UAE to assess electricity connection requirements, identify investment opportunities, and ensure adherence to stringent security and reliability standards.

This strategic move underscores the collective commitment of Oman and the UAE to unlock the vast potential of green industries and renewable energy sectors. By creating an enabling environment for private sector investment, the initiative aims to fortify economic resilience and align with Oman’s ambitious goal of achieving carbon neutrality by 2050.

OETC, a pivotal player in Oman’s energy landscape and a member of the esteemed Nama Group, reaffirms its dedication to driving growth in renewable energy and green industries. This initiative aligns seamlessly with Oman Vision 2040, a comprehensive roadmap aimed at propelling economic diversification, fostering international investment, and enhancing social welfare across the Sultanate.

Notably, OETC assumes a critical role in the transmission and management of electricity networks across Oman, ensuring seamless distribution from production stations to various load centers across the nation. As the sole entity responsible for overseeing interconnection lines between Oman and the GCC network, OETC plays a pivotal role in advancing Oman’s energy infrastructure and sustainability agenda.