Mazoon Electricity Company SAOC (MZEC) is a closed Omani joint stock company registered under the Commercial Companies Law of Oman. The company is primarily undertaking regulated distribution and supply of electricity in Dakiliya, Sharqiya and South AL Batinah regions under a license issued by the Authority for Electricity Regulation, Oman (AER). The establishment and operations of the company are governed by the provisions of the Law for Regulation and Privatisation of the Electricity and Related Water Sector (the Sector Law) promulgated by the Royal Decree 78/2004.
Pursuant to implementation of the transfer scheme, the company took over the assets and liabilities as on 1st May 2005 assigned to it from the Ministry of Housing, Electricity and Water, entering into various agreements as an independent commercial establishment.
The company adopted the corporate governance principles and established board of directors, its committees and also developed policies and procedures for all internal matters.
