Deals Counterparts

ONEIC wins contract from OETC for grid station construction

Development Transmission announced Sultan Haitham City, Oman Feb 22, 2026
RO31.9M
Deal Value
construction
Stage
132/33kV grid station at Sultan Haitham City
Project

Oman National Engineering & Investment Company (ONEIC) has secured a contract worth RO31.9mn from Oman Electricity Transmission Company (OETC) for the construction of a 132/33kV grid station at Sultan Haitham City. The scope of work also includes associated 132kV overhead transmission lines connecting Mabella Industrial Grid Station to Mabella Grid Station.

Deal Analysis

Oman National Engineering & Investment Company (ONEIC) has been awarded a RO31.9mn contract by Oman Electricity Transmission Company (OETC) for the construction of a 132/33kV grid station at Sultan Haitham City, including associated 132kV overhead transmission lines. This development project signifies continued investment in Oman's electricity transmission infrastructure. The contract underscores OETC's commitment to expanding and reinforcing the grid to meet growing electricity demand, particularly in developing urban areas like Sultan Haitham City. ONEIC's role as the EPC contractor highlights its capabilities in executing significant power infrastructure projects within Oman. The deal is notable for its size, representing a substantial investment in grid infrastructure. OETC, as the sole entity responsible for Oman's main electricity transmission network, is a key player in the country's energy sector. The project's focus on expanding transmission capacity suggests a strategic effort to improve grid reliability and support future economic growth. The construction of the grid station and associated transmission lines will enhance the power supply to Sultan Haitham City and surrounding areas.
  • RO31.9mn contract value represents a significant investment in Oman's grid infrastructure.
  • OETC's involvement highlights the strategic importance of the project for Oman's electricity transmission network.
  • ONEIC's role as EPC contractor demonstrates its capabilities in executing power infrastructure projects.
  • The project focuses on expanding transmission capacity to improve grid reliability and support economic growth.
Market Context: Oman's power sector is undergoing modernization and expansion to meet increasing electricity demand driven by population growth and industrial development. Investments in transmission infrastructure are crucial for ensuring reliable and efficient power delivery across the country.

Source Intelligence

KEY DETAILS

The project will be executed over a period of 18 months from the date of award, ONEIC said." "Following the news of this major contract award, ONIEC shares surged 7.7% at the Muscat Stock Exchange on Sunday.

Deal Size
ONEIC wins RO31.9mn contract for grid station at Sultan Haitham City
Location
ONEIC wins RO31.9mn contract for grid station at Sultan Haitham City
Announcement
22 Feb 2026
PARTIES MENTIONED IN SOURCE
O
Oman National Engineering & Investment Company developer

"Oman National Engineering & Investment Company (ONEIC) has secured a contract worth RO31.9mn from Oman Electricity Transmission Company (OETC) for the construction of a key power infrastructure project."

O
Oman Electricity Transmission Company buyer

"Oman National Engineering & Investment Company (ONEIC) has secured a contract worth RO31.9mn from Oman Electricity Transmission Company (OETC) for the construction of a key power infrastructure project."

high quality Enriched Feb 23, 2026

Timeline

Announced
Feb 22, 2026
Signed
Closed

Market Context

This deal is part of the Transmission sector in Oman.
140
Transmission deals
16
deals in Oman
1 of 139 Transmission deals tracked this month · Updated daily

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