Nama Power and Water Procurement Company SAOC (PWP), Oman announces the launch of the Qualification process for interested developers through the issuance of the Request for Qualification (RFQ) document to develop two combined cycle gas turbines power plants with a total capacity of 2,400 MW to be located in Misfah and Duqm.
Two Independent Power Projects (IPPs) are planned at Misfah in Bausher, Muscat Governorate, and Al Duqm in Al Wusta Governorate. These projects will utilize advanced Combined Cycle Gas Turbine (CCGT) technology. RFQ invites interested developers to submit credentials showcasing their technical expertise and financial capacity. The projects will be developed on a Build, Own, and Operate (BOO) basis.
The new capacity is expected to be awarded by Q4 of 2025, with full operational commencement planned for Q2 of 2029. Early power delivery is anticipated by Q2 of 2028. The deadline for the submission of qualifications is March 13, 2025. More information about the tender can be accessed here.
The consortium comprising EDF Renewables and Korea Western Power Corporation (KOWEPO), announced that it has reached financial close on the 500 MW Manah 1 solar power plant located in the region of Ad Dakhiliyah, in northeastern Oman.
Read moreACME Group has secured a US$488 million loan financing from REC Ltd. for the development and construction of a Green Hydrogen and Green Ammonia project located in Oman.
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Synergy Consulting has announced that it has been selected as a Transactional and Financial Advisor by a joint venture between ACME and Scatec ASA.
Read moreA consortium consisting of ACWA Power, GIC, and AEPC have achieved the financial closure for the 500 MW solar photovoltaic (PV) Independent Power Project (IPP) at Ibri in the Sultanate of Oman, which is also the largest utility-scale solar plant in the country as of date.
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State Grid Corporation of China (SGCC) has completed the 49% equity acquisition of Oman Electricity Transmission Company (OETC) together with seller Nama Group. Oman Electricity Transmission Company operates as a transmission system provider in Oman.
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