Oman Pharmaceuticals & Healthcare Q4 2019
Oman's power sector will remain highly reliant on gas-fired electricity, which will account for more than 95% of totalpower output in the country over our 10-year forecast period. While we do not expect the government to reach its target of 10% ofrenewables generation by 2025, we note that an increase in tenders for renewable projects points to an upside in our forecasts. Thecountry's grid network will require continued upgrades and maintenance to improve efficiency.
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