MUSCAT : As part of its ongoing journey toward excellence, the achievement of strategic objectives, support for national development across all sectors, and contribution to the realization of Oman Vision 2040, the Oman Electricity Transmission Company (OETC) concluded the year with a series of outstanding achievements that reflected its commitment to enhancing operational efficiency, achieving sustainable growth in the electricity sector, and advancing development pathways. These accomplishments reaffirm the company’s pivotal role in supporting economic and social development and meeting the growing demand for energy across all governorates of the Sultanate of Oman.

During the year, significant progress was made in implementing a package of strategic projects to expand and develop the electricity transmission network, through 35 ongoing projects and major investments reached over OMR 250,198,660 million only during the current year. The company also witnessed progress in number of its strategic and major projects including achieving over 60% completion of the second phase of the Strategic Interconnection Project “Rabt”, with a total cost of approximately OMR 295 million, and more than 90% completion of the Dhofar Governorate network expansion projects, with a total cost of around OMR 65 million. In addition, OETC achieved over 50% progress in the first-of-its-kind strategic project in Oman to connect Masirah Island to the main transmission network using advanced and complex technologies, at an estimated total cost of OMR 70 million. The year also witnessed the commissioning of the Fault Current Limitation System for the 132 kV transmission network to reduce faults, protect transformers and network components, and ensure the reliability and safety of electricity supply, as well as the energization of the main transmission Grid Station for the Polysilicon Plant Factory in Sohar. Our efforts and strategic projects to expand the national grid continue to be implemented in phases in line with plans and directions, with a total cost exceeding OMR 1 billion by 2030, ensuring the realization of visions and aspirations and supporting the development journey across all sectors.

These efforts come in response to sectoral growth and the comprehensive development needs witnessed across various sectors in Oman. Since its establishment, OETC has remained committed to expanding the national electricity grid and enhancing the reliability, sustainability, and safety of power supply nationwide. Reflecting these efforts, the number of Grid Stations reached 116 by 2025, compared to only 29 Grid Stations in 2005, representing an increase of 300%. Transmission lines also extended to more than 10,400 kilometers, an increase exceeding 288%, compared to just 2,680 kilometers in 2005. Furthermore, the company awarded 9 new projects during the year with a total value exceeding OMR 250 million, contributing to the reduction of carbon emissions by more than 1,914,000 tons annually, and supporting the connection of 3 wind farms with a total capacity of 1,220 MW, in addition to a 500 MW solar power project. This will contribute to achieving net-zero targets by 2050, enabling the use of renewable energy sources, optimizing natural gas consumption, and supporting the localization of industries associated with these vital sectors.

OETC also placed strong emphasis on supporting innovation and adopting advanced and modern technologies in managing and controlling grid operations, while maintaining full compliance with international standards and the highest levels of quality, health, and safety at work. These efforts resulted in achieving more than 67 million safe working hours since the last lost-time injury. As a result of these integrated initiatives, the reliability of the transmission network reached 99.9999% by the end of November 2025, despite rising network loads. Peak demand reached 8,059 MW on the main interconnected system (MIS) in 2025 compared to 2,495 MW in 2005 marking an increase percentage of over 223%. And the peak load in the Dhofar network has reached 881 MW in 2025 compared to 199 MW in 2005. As for the Musandam network, the peak load this year has reached 99 MW.

In line with its commitment to enhancing the flow of clean and renewable energy and aligning with national and global energy trends, the contribution of renewable energy sources to the electricity grid reached 9.46%, equivalent to more than 4,260,248 MWh by the end of November 2025. This energy was supplied from Ibri Solar Power Plant, Manah 1 Plant, Manah 2 Plant, and the Dhofar Wind Farm, compared to the initial phase of renewable energy integration between August and December 2019, when contributions stood at 0.71%, equivalent to 4,259 MWh, supplied solely from the Dhofar Wind Farm.

From a financial performance perspective, OETC maintained strong credit ratings, including Ba1 with a stable outlook by Moody’s and BB+ with a stable outlook by Fitch. The company also launched its Green Financing Framework, successfully completed the full repayment of Lamar bonds valued at USD 1 billion, and became the first Omani institution to issue Green Sukuk, issuing its inaugural five-year Green Sukuk valued at USD 750 million. In addition, the value of OETC’s assets increased by more than 870% in 2025, reaching OMR 1.8 billion, compared to OMR 187 million in 2005. Furthermore, the number of new connection requests to the electricity transmission network during this year alone reached approximately 38, bringing the total number of connection requests received since 2017 through the end of 2025 to around 125 requests.

OETC also continued to invest in human capital development through the implementation of specialized training and qualification programs in technical, administrative, health, safety, and environmental fields, alongside supporting innovation and knowledge transfer. This contributed to strengthening national competencies, achieving an Omanization rate of 97%, and enhancing institutional performance. The company delivered more than 8,300 training programs across various vital fields, including 773 in-person programs, participation in 111 local and international conferences, and the publication of approximately 200 research papers since 2005, in addition to more than 7,500 e-learning programs. OETC also sponsored around 30 engineers to participate in specialized international training programs and hosted more than 60 students from various higher education institutions as part of its annual training programs in 2025.

As part of its commitment to enhancing in-country value and supporting national economic priorities, the total value of contracts awarded to local companies during 2025 exceeded OMR 259 million across 85 tenders, including 33 tenders awarded to small and medium enterprises (Riyada cardholders). OETC has also increased its use of local products, strengthened its support for Omani manufacturers and Small and Medium Enterprises (SMEs) across various projects, with a total cost of around OMR 120 million from the value of its ongoing projects.

In parallel, the company fulfilled its social responsibility and commitment to community development by implementing numerous sustainable initiatives across the educational, health, environmental, social, and tourism sectors. These included installing solar-powered lighting in 3 tourist areas, supporting schools with educational and technological equipment and shade structures, equipping health centers with modern medical devices, supporting Omani charitable associations, organizing annual blood donation campaigns, and conducting school visits and awareness and educational initiatives.

Demonstrating its leadership and excellence in sustainability, innovation, technology adoption, operational efficiency, quality, and adherence to internationally recognized standards alongside its support for clean and renewable energy, OETC successfully renewed its Integrated Management Systems certification for six key systems involving Quality Management, Environmental Management, Occupational Health and Safety Management, Asset Management, Business Continuity Management (Security and Resilience), and Information Security Management. The company also won the Gold Category Award for Environmental, Social, and Governance (ESG) Practices at the Oman Sustainability Awards 2025. Furthermore, OETC received the Solar Energy Company of the Year (Structure Category) in the Business Excellence Awards and won the Best Smart Technology Innovation of the Year in the Technology and Innovation Excellence Awards, as part of the Oman Clean Energy Leadership Awards 2025.

Affirming the pioneering and pivotal role undertaken by OETC in Oman and its national development journey, Eng. Hisham Abdullah Al Riyami, Acting Chief Executive Officer of the company, emphasized OETC’s commitment to achieving sustained growth and responding to the requirements of comprehensive national development, as well as its dedication to supporting progress and advancement across all sectors. Al Riyami stated: “These achievements do not merely reflect the outcomes of a single year; rather, they are the result of cumulative efforts and extensive expertise built over years of OETC’s distinguished journey. Throughout this journey, the company has remained steadfast in pursuing growth, adopting best-in-class technologies and innovative solutions, and engaging effectively with global industry leaders to enhance the performance, reliability, and sustainability of the sector, while ensuring alignment with both national and international objectives and aspirations”.

OETC is responsible for the transmission network and load dispatch across the national grid, covering all governorates of the Sultanate. The company also manages interconnections with the GCC Interconnection Grid at 220 kV and operates under the Nama Group framework to support Oman’s vision of building a secure, reliable, and sustainable electricity ecosystem.