As result of the direct impact of COVID-19 pandemic on families of social security and SMEs, Nama Group has established a fund with an initial contribution of RO300,000 to cover electricity bill payments for those affected categories.
The initiative is a result of the Group’s cooperation with the Ministry of Social Development, relevant NGOs, Riyada and Al Rafd Fund to facilitate the process; which will be finalised next month.
Commenting on the initiative, Eng. Omar bin Khalfan Al Wahaibi, CEO of Nama Group, said, “In spite of the imminent financial difficulties created by the pandemic and drop in oil prices, which will affect the government’s ability to provide the subsidy outlined by the Law for the Regulation and Privatisation of the Electricity and Related Water Sector, we still believe that it is our national duty to support these categories and help them overcome this by establishing a fund that everyone can participate in.”
As part of the Group’s vision to participate actively in developing and growing the national economy and society, ‘For Lasting Prosperity’ campaign was launched to support the Government’s initiatives to mitigate the social and economic impacts of COVID-19.
Al Wahaibi confirmed that the Group’s will spare no effort to facilitate overdue payments. In addition, he stressed on the importance of energy conservation and payment of electricity bills on time. He added, “Receiving and paying bills has become available electronically to everyone, as the Group has created a number of electronic payment channels in order to facilitate payment of monthly dues under these exceptional circumstances.’’
Nama Group’s distribution and supply companies including Muscat Electricity Distribution Company, Mazoon Electricity Company, Majan Electricity Company, Tanweer and Dhofar Power Company, have already suspended electricity disconnections and provide solutions to facilitate payment plans for all customers who face difficulties in paying their bills during this crisis, in line with the government directives.