Muscat Electricity Distribution Company (MEDC), a subsidiary of Nama Group, plans to invest RO60 million ($155 million) in the expansion and modernisation of its supply infrastructure this year, a report said.

The outlay will open major business opportunities for Omani firms serving the sultanate’s electricity sector, Ala Hassan Moosa, senior manager — projects delivery at MEDC, was quoted as saying in the Oman Observer report.

“MEDC’s capital outlay for 2015 includes around RO23 million for 11 kV investments, and RO32 million towards 33 kV investments, as well as RO5 million for a variety of other projects,” said Moosa.

“This does not include allocations towards unplanned expenditure necessitated by unforeseen developments, such as equipment breakdowns, and so on. With budgetary spends for 2016 and 2017 expected to be largely in line with 2015 expenditure trend, Omani contractors and service providers can look forward to substantial business opportunities from MEDC,” he said.

MEDC is also plans to construct nine primary stations and install dozens of power transformers, he added.