Company News

The settlement of the Company’s invoices

Al Batinah Power Company SAOG (the “Company”) advises the Capital Market Authority, the Muscat Security Market and the investor’s community as follows:

The Company in its communication dated 18 May 2020 had notified about receiving a letter dated 17 May 2020 from Oman Power and Water Procurement Company SAOC (“OPWP”) communicating a hold back of the investment charge (out of the power capacity charges) payable to the Company from April 2020.  The Company has received a letter dated 27 May 2020 from OPWP clarifying that it will pay the investment charges to the Company with effect from invoice for April 2020  and has consequently withdrawn its earlier letter dated 17 May 2020.”