Nama Group, the holding company grouping all of Oman's state-owned electricity transmission, distribution and related power sector entities, says it plans to conclude a study on the proposed privatisation of its subsidiary, Muscat Electricity Distribution Company (MEDC) , by the end of this year. Phase 1 of the study to assess the readiness of MEDC for privatization has been completed, with the Group now focused on undertaking the second phase of the study, Omar al Wahaibi, CEO - Nama Group, said. In February 2015, the wholly government-owned holding company appointed a consortium led by Canada based CPCS Transcom International Limited to conduct the privatisation study of MEDC . A key objective of the strategic study is to assess the feasibility of divesting part of MEDC 's equity via an Initial Public Offering (IPO) on the Muscat Securities Market (MSM). (Oman Observer, Zawya)