Seven firms shortlisted for $2.28bn Oman power projects

Seven companies have been shortlisted to bid for two major power projects in Oman, valued at OR880 million (US$2.28 billion). The tender process is being overseen by Nama Power and Water Procurement Company, the country’s sole buyer of power and water.

The shortlisted firms include ACWA Power (Saudi Arabia), Korea Western Power, Marubeni Corporation (Japan), Nebras Power (Qatar), and others from the United Arab Emirates, China, and South Korea. These companies were selected from a pool of 12 applicants after a detailed qualification process.

The projects include the 1.6 GW Misfah Independent Power Project (IPP) in Wilayat Bousher, Muscat governorate, and the 800 MW Duqm IPP in Wilayat Duqm, Al Wusta governorate. Together, they will add 2.4 GW of capacity to Oman’s power grid.

The Misfah IPP is expected to cost OR590 million, while the Duqm IPP has an estimated cost of OR290 million. Both projects are being developed under a public-private partnership (PPP) framework and are expected to begin commercial operations in the second quarter of 2029.