All power generation and water desalination companies in Oman are set to be privatised by 2009. This is the result of an agreement for a project that includes the first privatisation of Oman's electricity and related water sector restructuring process under a Share Purchase Agreement. Oman's Minister of National Economy and Deputy Chairman of Energy Resource Council, Ahmad Bin Abdulnabi Macki, with other senior officials officially signed the AI Rusail/Birka II project on 11 December with the preferred bidder, the Suez Tractebel, Abu Dhabi-based Mubadala, Development and National Trading Company consortium.

Source: Gulf News, 1 Dec 2006

Tags: financing, governance, water quality