Pact to explore projects in green steel, aluminium and renewable energy signed

  • Date: 25-Apr-2024
  • Source: Times of Oman
  • Sector:Real Estate
  • Country:Oman
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Pact to explore projects in green steel, aluminium and renewable energy signed

Muscat: In a strategic move to strengthen bilateral ties and drive sustainable development, the Oman Electricity Transmission Company (OETC) and prominent Omani institutions have sealed a landmark agreement with leading counterparts from the United Arab Emirates (UAE). This pact, aimed at propelling green industries and renewable energy sectors, stands as a significant milestone in the region's business landscape.

The signing ceremony was attended by a trade delegation comprising representatives from the Sultanate of Oman, along with their counterparts from leading companies in the United Arab Emirates.

This memorandum will enable the commencement of feasibility studies to explore the projects in the areas of renewable energy, green steel, and aluminium. OETC along with other Omani institutions and companies will work with the correspondents from UAE to conduct the feasibility studies and the electricity connection requirements to connect the renewable energy, green steel, and aluminium projects, identify the required investments, and achieve the highest security and reliability standards in line with accredited policies, laws, and criteria.

This step comes as part of the two countries' efforts to unleash opportunities and potential in the fields of green metals, renewable energy, and environmental sustainability, and to provide the right climate and groundwork for the private sector to