One merger to rule them all: Oman’s Nama Holding Group, the holding company of state-owned power sector entities in the country, has announced the merger of all power supply and distribution entities under two entities: Nama Electricity Distribution and Nama Supply, ONA reported earlier this week, citing statements by the group’s executives. The two entities are replacing Muscat Electricity Distribution Company, Mazoon Electricity Company, Majan Electricity Company and Tanweer Company.

Why now? The move comes under efforts to review costs, increase efficiency of the systems, and develop provided services, Ahmed Amer al Mahrezi, acting CEO of Nama Group said. ‘It is part of a comprehensive initiative to review the electricity sector’s costs and restructure the distribution and supply companies,’ the company was quoted as saying by Muscat Daily.

REMEMBER- The Oman Power and Water Procurement Company (OPWP) rebranded to Nama Power and Water Procurement under Nama Group last month.