Poyry to advise on electricity spot market in Oman
MUSCAT, January 12, 2016
Poyry, a global consulting and engineering services company, is set to provide advisory services to the Oman Power and Water Procurement Company (OPWP), member of Nama Group, on the proposed rollout of a spot market system for electricity trading in in the Sultanate, along with multinational law firm Dentons, according to a report.
The appointment has been designed to support the development of an enabling framework for the eventual introduction of electricity spot market activities, said the Oman Daily Observer report.
The selection of Poyry, as technical advisor, and Dentons as legal advisor, came at the end of a competitive process for the appointment of external consultants to work in conjunction with OPWP's dedicated in-house team in driving this landmark initiative forward, Ahmed al Jahdhami, chief executive officer, was quoted as saying.
“Poyry and Dentons, who have already begun working with us since October, have the task of developing the detailed market rules governing the operation of a future electricity spot market,” he said.
“We already have a high-level design of the proposed spot market in place, but the newly appointed advisors will assist us in fleshing out the specifics of what this market will look like, the mechanics driving it, how it operates, and so on,” he added.
