Dhofar Power Company (DPC) is a closed Omani joint stock company registered under the Commercial Companies Law of Oman. The company was incorporated on 25 February 2001 and has commenced its commercial operations on 1 May 2003 (the Commercial Operation Date “COD”). The establishment and operations of the company were governed by the provisions of the Concession Agreement between the Ministry of Housing Electricity and Water (MHEW), DPC and Dhofar Generating Company (DGC) dated 17 March 2001.
However, based on the directive issued by Public Authority for Electricity and Water (PAEW) pursuant to the Cabinet Decision to terminate the Concession Agreement, restructuring activities have been initiated. The implication on the company is that Generation, Transmission, Distribution and Supply businesses previously undertaken by the company as a vertically integrated utility are separated and these businesses are regulated under the general provisions of The Law for the Regulation and Privatization of the Electricity and Regulated Water Sector (the “Sector Law”) issued by Royal Decree 78/2004 as amended by Royal Decree 59/2009. Accordingly the company is undertaking regulated distribution and supply of electricity in the Dhofar region only.
As part of the restructuring process for the Dhofar Power system whereby, on the 1st January 2014, the transmission part of the business was transferred to the Oman Electricity Transmission Company (OETC). DPC is now a Distribution and Supply business entity operating in Dhofar Region. Accordingly, the Government of the Sultanate of Oman has acquired a share of 98.74% of the total number of shares of the Company, managed by the Electricity Holding Company which is part of NAMA group.
Since the restructuring of the generation, transmission and distribution asset ownership in the Dhofar area, Dhofar Power Company (DPC) owns, operates and maintains the distribution network in the Dhofar Region of Southern Oman, with coordiantion with the concession areas of the Rural Electricity Company in Dhofar Governorate.
The transmission assets are owned, operated and maintained by Oman Electricity Transmission Company (OETC) and the generation assets by Dhofar Generating Company (DGC).