Category: Energy efficiency

Some subsidy allocations pared in Oman’s 2024 State Budget

Image Source: Oman Daily Modest cuts have been announced in subsidy allocations across a range of utilities and essential services in the 2024 State Budget of the Sultanate of Oman. This is in line with the government’s commitment to gradually rolling back subsidies – part of its longstanding bid to reduce the budget deficit. Subsidy […]
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Seven project categories eligible for green finance in Oman

Image Source: Oman Ssustainability Week Projects ranging from rail electrification and energy storage systems to offshore wind farms and waste-to-energy schemes are among dozens of initiatives that will qualify for green finance under the Sustainable Finance Framework launched by the Sultanate of Oman last week. The framework, the first of its kind in the Gulf […]
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Pact signed to study potential for solar glass project in Oman

Image Source: Bloomberg Leading Canadian energy materials specialist Homerun Resources Inc has announced the signing of a non-binding Memorandum of Understanding (MoU) with Minerals Development Oman (MDO), the nation’s mining investment flagship, to jointly explore prospects for, among other things, the establishment of a first-of-its-kind solar glass manufacturing project in Oman. As a first step […]
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Oman Is Looking To Become a Green Energy Hub

Image Source: Oilprice Like other Gulf countries, Oman is dependent on oil and gas revenues for the major part of its export income, leaving it vulnerable to energy transition. It is therefore looking at large-scale production of carbon-free or ‘green’ hydrogen. With its magnificent renewable energy resources, huge areas of open land, and strategic location […]
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Amnah Pledges Hydrogen Support for Oman’s Eco-Friendly Steel Sector

Image Source: Gosourcing Amnah, a multinational consortium that secured Oman’s initial land block through an international auction for green hydrogen development, has disclosed its strategic plan to allocate the renewable hydrogen produced in its multi-billion dollar investment in Duqm for the creation of green steel in the Sultanate of Oman. This crucial commitment to locally […]
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Oman set to issue RFQs for major renewable energy projects

Image Source: Oman Sustainability Week Oman is set to issue Requests for Qualifications (RFQs) for multiple renewable energy projects this year. The plans, announced by Nama Power & Water Procurement Co (PWP), involve four wind-based Independent Power Projects (IPPs), a mid-sized solar PV-based IPP, and a Waste-to-Energy initiative. The projects will be procured through competitive bidding, with RFQs expected […]
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Manah-1 Solar PV Independent Power Plant

Image Source: Oman Observer OBJECTIVE: To increase electricity generation from clean renewable energy resources in the Sultanate of Oman. DESCRIPTION: The Project involves the development, design, engineering, construction, operation, and maintenance of a 500 MWac Manah solar I photovoltaic power plant in the Ad Dakhiliyah region of the Sultanate of Oman. The Project is being […]
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Oman government offers tax incentives to promote EV purchases

Starting July 1, 2023, the Sultanate of Oman has announced a number of customs and tax incentives and facilities, to encourage the acquisition of emission-free electric cars in support of achieving zero neutrality in the transportation sector.   The facilities and incentives adopted by the Government of the Sultanate of Oman include exemption of electric […]
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Oman to have 7,000 new EVs on roads by 2030

The Ministry of Transport, Communications, and Information Technology (MTCIT) launched a special program to reduce carbon emissions in the transportation sector and communications, and information technology sectors, which are responsible for nearly 20 percent of the total carbon emissions in the Sultanate of Oman. The ministry divided its plan for zero carbon neutrality into three […]
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