Oman

NAMA Privatisation

Strategic Advisory

The Project

State company Nama Holding owns ten subsidiary companies (SubCo’s) involved in the generation, transmission, supply and distribution of electricity. In 2017 the Government of Oman decided to pursue partial privatisations of up to five of the Subco’s networks.

In preparation for privatisation, ESB International undertook extensive due diligence on the selected utilities (transmission & four distribution companies).

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Our Approach

The Challenge

Undertake vendor’s due diligence of core Distribution/Transmission, Customer Supply, Human Resources and Environment functions for five Subco’s, identifying the current status and performance history, regarding operations, project plans and programmes, people and organisation, expenditure and performance.
The Solution

Advice to Client on the options for the proposed sales. Extensive Due Diligence in each Subco. Develop technical and strategic evaluation criteria for bidders’ submissions—review bidders’ proposals at Expression of Interest, Non-Binding Offer, and Binding Offer stages.

What we delivered

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Due Diligence of utility assets, operations, projects & programmes, performance and people.

The Results

‘Options’ Report to Nama Holding on the options for the proposed sales provided.
Power sector context, System operation and network performance assessed.
Grid planning, access & connection assessed.
Asset management and projects/ project management assessed.
Successful partial Privatisation of grid company (OETC), other Subco’s ongoing.

The Details

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Utility strategic advisory

As part of a national utility, ESB International has significant experience regarding sectoral change driving organisational change, including unbundling and competition preparation.

This practical experience and knowledge of the ever-changing energy market allow ESB International to assist our clients uniquely, compared to other consultants.

Our Utility Values underpin our project delivery, ensuring a partnership approach with our clients to find solutions that best fit their current and future environments.

Due Diligence services

From our background in power generation, networks, and customer operations, we have undertaken many Due Diligence exercises to view privatisation or on behalf of Lenders.

On a comparable basis, we have conducted many operational and regulatory audits of utilities in multiple countries on behalf of utilities themselves and behalf of relevant Authorities such as power sector regulators.