Muscat: Al Kamil Power Company said that the company has signed an agreement for extending the power purchase agreement with revised terms and conditions, after successful completion of negotiations with Oman Power and Water Procurement Company (OPWP).
The agreement is now extended up to December 31, 2021, according to a disclosure statement posted on MSM website.
Al Kamil Power has achieved a net profit of OMR3.73 million in 2016, against OMR3.34 million for the previous year.
The company’s operating revenue was lower at OMR13.68 million, against OMR16.44 million for 2015. The financial results are subject to approval by the audit committee and board of directors of the company.