Misfah power project deferred

 

Oman Power and Water Procurement Company (OPWP) has announced the deferment of its plan for the implementation of a major Independent Power Project (IPP), dubbed ‘Power 2021’, at Misfah in Muscat Governorate, citing changes in electricity demand projections in the Main Interconnected System.
Announcing the deferment, OPWP said: “As part of its duties, OPWP constantly monitors the development of electricity demand and has, since initiating the “Power 2021” project, identified a slowdown in the rate of growth of demand for electricity. This reduction in forecast demand for electricity is due to a number of factors including the successful implementation of Cost Reflective Tariffs (CRT).