NTPC mulls investment in Oman

NTPC mulls investment in Oman
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First Published: Wed, Jul 16 2008. 11 53 AM IST
Updated: Wed, Jul 16 2008. 11 53 AM IST
PTI
Dubai: NTPC Limited, India’s largest power generation company, is keen on exploring opportunities to invest in Oman’s rapidly expanding power sector, particularly in the area of clean power generation and carbon capture technologies.
According to the daily ‘Oman Observer’, a high-level delegation from the Indian public sector unit visited Oman for talks with senior officials of Public Authority for Electricity and Water (PAEW) and Oman Power and Water Procurement Company (OPWP).
They also met officials of Authority for Electricity Regulation (AER) of Oman, which is set up to regulate power and related water sector in the Sultanate.
The visit comes close on the heels of a landmark study issued by the Authority setting out a blueprint for the development of renewable energy resources in the Sultanate, focusing primarily on solar and wind energy.
Accompanied by Indian Ambassador Anil Wadhwa, the NTPC delegation met senior officials of the AER, including Chairman Salah al Alawi, and Executive Director John Cunneen.
“We provided them (NTPC) with advice on the present market structure, how it works, the process of competition for new capacity and the licensing regime,” Cunneen told the daily.
“The talks also focused on opportunities for cooperation in areas involving the use of environment-friendly technologies and alternative fuel,” Cunneen said.
He further added: “We spoke about promoting clean power generation and touched on carbon capture and sequestration...looked at the technical performance and environmental parameters of the Integrated Gasification Combined Cycle (IGCC)”.
IGCC is a technology that can burn coal to produce gas for electricity generation.
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First Published: Wed, Jul 16 2008. 11 53 AM IST
More Topics: NTPC | Oman | Investment | PSU | Power |