Oman’s Electricity Holding Co (EHC), the holding firm of all electricity firms in the country, has said it is planning to raise OR800m through a syndicated loan or bond issue from within the country and outside, Times of Oman has reported. The funds, which will be raised after getting advice from its financial advisors within two to three months, will be used for meeting the capital expenditure for developing transmission and distribution systems of its subsidiary companies, said the chief executive of EHC. “Hopefully, within the next couple of months we will have a direction on this. And the fund will be raised at any time between then and the middle of next year,” Omar bin Khalfan Al Wahaibi said.
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