Agreements
Worth RO 1 Billion Signed to Develop CCGT Projects in Misfah, Duqm

Muscat,
22 Jan 2026 (ONA) — Nama Power and Water Procurement signed power purchase
agreements with a Nebras-led consortium and a KOWEPO-led consortium for the
development of combined cycle gas turbine (CCGT) power generation projects in
Misfah and Duqm respectively, with a total investment value of approximately RO
1 billion.

The
signing ceremony was held under the auspices of Eng. Salim Nasser Al Aufi,
Minister of Energy and Minerals.

A
Nebras-led consortium consists of Etihad Water and Electricity Company PJSC and
Bahwan Infrastructure Services LLC will develop the Misfah Power project. And
the KOWEPO-led consortium consists of Nebras Power Q.P.S.C., Etihad Water and
Electricity Company PJSC, and Bahwan Infrastructure Services LLC will develop
the Duqm power project.

The
Misfah and Duqm CCGT projects will utilise advanced combined cycle technology, enhance
fuel efficiency and reduce carbon emissions. Once operational, the projects are
expected to contribute significantly to the stability of the national grid and
support economic and industrial growth across Oman.

The
plants will utilise advanced CCGT technology and are designed to be equipped
for integration with carbon capture systems in the future, representing a
qualitative leap in generation efficiency and resource sustainability while
supporting the Sultanate of Oman’s move towards a low-emissions energy system.

On
this occasion, Eng. Salim Nasser Al Aufi, Minister of Energy and Minerals,
said: “The Misfah and Duqm power projects will be utilising combined-cycle gas
turbine technology in the governorates of Muscat and Al Wusta. These two
projects represent a strategic step in strengthening the national energy system
and reflect our commitment to achieving the objectives of Oman Vision 2040 and
the Net-Zero Target 2050.”

He
added: “These projects are integral to the ongoing efforts to strengthen the Sultanate
of Oman’s power generation infrastructure through the deployment of
high-efficiency technologies. The gas turbines are designed to operate on a
fuel mix containing up to 30% hydrogen, advancing the Sultanate of
Oman’s commitment to a modern and sustainable energy system. The signing of
these agreements highlights Sultanate of Oman’s resolve to accelerate its
transition to a low-carbon economy, reinforce its role as a regional leader in
clean energy, attract strategic investments, and support sustainable
development initiatives, delivering tangible benefits for the environment,
economy, and society.”

Eng.
Saad Sherida Al Kaabi, Qatar’s Minister of State for Energy Affairs and
Chairman of the Board of Directors of Nebras Energy, stated: “We are pleased to
be an active part of the efforts to develop electricity sector projects in the
Sultanate of Oman, given the pivotal role this sector undertakes in advancing
social and economic development. We have great confidence in the contributions
the two projects will have towards meeting the increasing demand for electrical
power in Oman and creating numerous job opportunities for Omani talents.”

Suhail
Mohamed Al Mazrouei, Minister of Energy and Infrastructure of the United Arab
Emirates and Chairman of the Board of Directors of Etihad Water and Electricity,
said: “This partnership reflects the UAE’s commitment to advancing mutually
beneficial and sustainable energy cooperation across the region. By working
with trusted partners in the Sultanate of Oman, we are supporting the
development of highly efficient, flexible generation capacity that strengthens
energy security and reliability, while remaining aligned with the long-term
transition to lower-emissions energy systems. We value the strong bilateral
ties between our two countries and look forward to continued collaboration that
delivers tangible outcomes for sustainable growth.”

The
Misfah project has been strategically located at the heart of the Sultanate of
Oman’s largest electricity demand centres, enhancing supply reliability and
addressing continued growth in consumption. Meanwhile, the Duqm project has
been positioned within one of Oman’s most promising economic hubs, benefiting
from robust infrastructure capable of supporting high-value projects and
ambitious industries, while undertaking a pivotal role in regional economic
development.

Ahmed
bin Salim Al Abri, Chief Executive Officer at Nama Power and Water Procurement,
said: “Since 2005, NPWP has pursued an integrated and forward-looking approach
to enhancing the efficiency of the power generation system in the Sultanate of
Oman, reinforcing its role as a cornerstone of the national energy sector. This
approach is underpinned by the gradual adoption of the latest and most
efficient generation and operational technologies, effective electricity demand
management, and the development of innovative solutions that support renewable
energy targets under Oman Vision 2040 and the Sultanate of Oman’s structured
transition towards net zero by 2050”.

Al
Abri added: “The Misfah and Duqm projects have been designed to accommodate
future advancements in carbon emissions reduction technologies, including
enabling a higher proportion of hydrogen within the gas mix, in line with the
Sultanate of Oman’s commitment to achieving net zero by 2050. With power
purchase agreements of 20 years for each project, and a combined land area of
587 thousand square metres, including space allocated for future carbon capture
facilities and gas connection infrastructure, these projects reflect a
long-term, future-ready approach to power generation. The advanced and highly
efficient Misfah and Duqm plants will provide critical transitional capacity to
support the large-scale integration of renewable energy sources, while ensuring
the flexibility required to meet periods of peak electricity demand.
High-efficiency, flexible gas-fired generation will remain a cornerstone in
maintaining the security and reliability of electricity supplies as the energy
sector continues its transition towards a renewables-focused model”.

Eng.
Mohammed Nasser Al Hajri, Managing Director and CEO of Nebras Energy, stated: “Securing
these two projects marks a significant milestone for the company and represents
a strategic expansion of our presence in the Omani energy market. This achievement
strengthens our long‑term strategy to grow and diversify our asset base, both
technologically and geographically, by investing in projects that deliver
strong and sustainable economic value.

On
his turn, Jung Bok Lee, CEO of Korea Western Power Co., Ltd added “KOWEPO is
honored to be awarded the Oman Duqm IPP Project and is committed to delivering
it safely and to the highest standards. Together with our consortium
partners—Nebras Power, EtihadWE, and Bahwan Infrastructure Services —we will
ensure stable and reliable long-term operation of the plant while supporting
Oman’s energy security and sustainable development in Duqm. Building on our
experience from the Manah 500MW Solar Power Project, and backed by over 30
years of expertise across coal, gas, and renewables, KOWEPO will work closely
with the Government of Oman and local stakeholders to make Duqm IPP a flagship
success.”

Hind
Bahwan, Chairperson of Bahwan Infrastructure Services noted, “We are honored to
partner with Nebras Power, KOWEPO, and EtihadWEin developing these
prestigious gas power projects. This award reflects our shared commitment to
strengthening Oman’s power infrastructure and delivering reliable generation
capacity in support of the Sultanate of Oman’s long-term vision. As a
co-developer, Bahwan Infrastructure Services is proud to bring our regional
expertise and understanding of local project execution to support the
successful delivery of these landmark initiatives. These projects will undertake
a key role in enhancing energy security and creating lasting economic value for
Oman and its people.”

—Ends/AG