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Energy and Power

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State Grid of China buys 49% stake in Oman electricity

Published On 02 Jan 2020 11:09 AM


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A recent report suggests of 49 percent stake bought by China’s State Grid in Oman’s Electricity Holding Company. The latest development promises a new push by the world’s largest utility in order to strike big-ticket deals for oversea assets.

As determined by State Grid, the purchase is by far the largest Chinese investment on record made in the small Middle Eastern Country of Oman. This would further endorse China&....


Tags : China’s State Grid, Oman’s Electricity Holding Company, Omani group, Nama,
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