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Nama Group, the umbrella organisation of Omani state-owned energy and water procurement, technology, transmission, distribution and provide entities, has reported a 42.6 per cent leap within the complete worth of the group’s belongings to RO 9.5 billion on the finish of final 12 months.
The dramatic enhance follows the inclusion into the group of latest corporations ensuing from the restructuring of the nation’s waste and wastewater sector – an train that was efficiently accomplished in 2021. Following the restructuring, a brand new entity referred to as Oman Water and Wastewater Providers Firm (OWWSC) – ensuing from the amalgamation of the erstwhile Public Authority for Water (Diam) and Haya Water – was created and positioned beneath the executive banner of Nama Group. OWWSC oversees water and wastewater companies throughout the Sultanate of Oman, apart from Dhofar Governorate.
On the similar time, a brand new entity dubbed Dhofar Built-in Providers Firm (DISC) was created out of Salalah Sanitary Drainage Providers Firm and the Directorate Basic of Water in Dhofar, which have been transferred to Dhofar Energy Firm (DPC). DISC is accountable for water and wastewater companies, along with energy provide, in Dhofar Governorate.
Whereas posting a rise within the Group’s gross working income in 2021, Nama Group recorded an total internet loss for the 12 months, totally on account of the inclusion of the brand new water and wastewater entities.
Hamdan al Shaqsi, Chairman – Nama Group, defined: “By way of the monetary efficiency, the gross working income of the Group elevated by 5.9 per cent from RO 1.3 billion in 2020 to RO 1.4 billion in 2021.The online revenue after tax decreases from RO 62.8 million in 2020 to internet loss after tax of RO 74.3 million in 2021. Because of the non-finalisation of regulatory framework and worth management mechanism, the water and wastewater sector was not capable of totally get well its prices comparable to depreciation, staff, and different associated bills. This has resulted within the internet losses of roughly RO 144.7 million for 2021,” he stated.
“Nonetheless, if the impression of internet losses from water and wastewater sector excluded, the Group internet revenue would have been roughly RO 70.4 million for 2021,” he additional famous in Nama Group’s 2021 Annual Report issued right here not too long ago.
Considerably, 2021 noticed the electrical energy sector pulling again from the unprecedented stoop in demand development recorded throughout 2020 on the peak of the pandemic. In accordance with Al Shaqsi, electrical energy gross sales climbed 7.6 per cent to RO 35,674 GWh (gigawatt-hours) in 2021, up from 33,156 GWh a 12 months earlier. Electrical energy prospects noticed their numbers develop 3.3 per cent to 1.359 million final 12 months, up from 1.316 million in 2020.
The water and wastewater sector additionally grew by 5 per cent to 998,666 prospects in 2021, up from 952,911 prospects in 2020. Gross sales of water and wastewater volumes elevated 7 per cent to 282.776 million m3, up from 264.037 million m3 in 2020.
“In step with the expansion within the electrical energy, water and wastewater demand, effectivity targets and extra importantly to fulfill our customer support targets, Nama Group invested RO 435 million in essential community and effectivity associated investments in 2021,” the Chairman added.
Nama Holding, which is now a part of Oman Funding Authority (OIA), teams collectively: Wadi Al Jizzi Energy Firm (WJPC), presently beneath decommissioning; Al Ghubrah Energy and Desalination Firm (GPDC), which additionally owns Manah Energy Plant; Oman Electrical energy Transmission Firm (OETC); Muscat Electrical energy Distribution Firm (MEDC); Mazoon Electrical energy Firm (MZEC); Majan Electrical energy Comapany (MJEC); Rural Areas Electrical energy Firm (Tanweer); Dhofar Built-in Providers Firm (DISC); Oman Water and Wastewater Providers Firm (OWWSC); Oman Energy and Water Procurement Firm (OPWP); Numo Institute for Competency Growth (NICD); and Nama Shared Providers Firm (NSS).
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