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Oman’s Nama Power and Water Procurement has signed agreements valued at a total of €2.4 billion, one with a consortium led by Qatar’s Nebras Energy and one led by Korea Western Power to develop power generation projects.
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The agreements are power purchase deals for CCGT power projects in Misfah and Duqm.
The Misfah Power Plant will have a total capacity of 1700 MW, and the Duqm Power Plant will have a total capacity of 877 MW. Both will be under 20-year PPAs.
Nama Power said that the projects will: “Use advanced technology to improve fuel efficiency and cut emissions, and are expected to support grid stability and economic growth in Oman.”