Nama Electricity Generation

Nama Electricity Generation Company (NEGC) or the Rural Areas Electricity Company SAOC (RAEC) was established in accordance with Sector Law 78 / 2004 to provide services to remote areas. it is a fully owned subsidiary of Nama Holding Company SAOC (NHC), which in turn is wholly owned by the Oman Investment Authority (OIA). NEGC holds a generation license issued by the Authority for Public Services Regulation (APSR) to operate in the Governorates of Musandam, Al Wusta, Al Dhahirah, and Dhofar. In June 2023, following article 89 of the electricity and water sector’s regulation and privatization law, enacted by royal decree no. 78/2004, a restructuring was mandated to divide the sector into three focused entities for supply, distribution, and generation. Despite this restructuring, NEGC continues to deliver essential generation services across all designated regions.