OPWP Pushing Spot Market Development, Eyes GCC Electricity Trading

Oman’s state electricity and water firm OPWP will prioritize development of an electricity spot market and trials of electricity trading through the GCC grid in 2016. The company also plans to develop a new procurement methodology to secure power and water suppliers for the long term.

The utility delivered a total 31.29TWh of electricity in 2015, an increase of 15.5% over the 27.10TWh supplied in 2014. At the same time, OPWP supplied 242mn m3 of desalinated water in 2015, which was 17.5% higher than the 206mn m3 delivered in 2014.

Despite the double-digit rises in electricity and water demand, OPWP says that total gas consumption increased by only 4.3% on the year, to 8.23bn m3 from 7.90bn m3. Like other GCC states, Oman is finding its gas resources increasingly under pressure. “Through the introduction of new more efficient power plants, OPWP has steadily improved system efficiency and the utilization of gas,” the company says. (CONTINUED - 659 WORDS)

DATA INSIDE THIS ARTICLE

table Oman Mis And Dhofar Systems Power And Water Supply
table Opwp Projects Under Development