Both power projects are expected to begin commercial operations in the second quarter of 2029.
The Misfah IPP, located in Wilayat Bousher in the Muscat governorate, will have a capacity of 1.6 gigawatts and is estimated to cost OR590 million. The Duqm IPP, situated in Wilayat Duqm in the Al Wusta governorate, will produce 800 megawatts with a projected budget of OR290 million. Nama Power and Water Procurement stated: “These initiatives will significantly support Oman’s energy needs with reliable power.”
From twelve submitted statements of qualification, seven companies were chosen after a rigorous evaluation process. The shortlisted bidders include Saudi Arabia’s ACWA Power Company, Korea Western Power, Japan’s Marubeni Corporation, and Qatar’s Nebras Power, representing countries such as Saudi Arabia, the United Arab Emirates, Qatar, South Korea, and China. The authority noted: “The broad participation of international firms highlights strong confidence in Oman’s energy development.”
Both projects are expected to start commercial operations in the second quarter of 2029. The competitive tender process aims to ensure cost-effective and efficient expansion of Oman’s energy infrastructure.
In a separate initiative, in July 2023, India’s ACME Group obtained $488.9 million in debt financing for a green hydrogen and ammonia project in Oman. This facility is designed to produce 100,000 tons of green ammonia annually, contributing to the country’s renewable energy efforts.
