PAEW continues with project to privatise Muscat electricity firm
State-owned Public Authority for Electricity and Water (PAEW) is continuing with its project to privatise the Muscat Electricity Distribution Company (MEDC), it said in its annual report. “During 2015, PAEW approved the recommended strategic option for the MEDC privatisation process, which has been proposed by the study consultants and has obtained approval from the Ministry of Finance to proceed with the remaining stages of the study,” the annual report added. (Times of Oman)
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