Nama PWP scales up renewable projects in Oman
The company revealed its progress during Nama Group's annual press conference held on May 27, 2025, which brought together electricity companies under the group to outline strategic milestones and future initiatives in line with Oman Vision 2040. Nama PWP, in particular, emerged as a leading force, spearheading several renewable energy tenders and studies crucial to Oman's long-term decarbonisation goals.
Nama PWP launched tenders for two large-scale solar power projects in 2024: the 500 MW Ibri III Solar IPP and the 280 MW Al Kamil Solar IPP. Both projects are scheduled for award in 2025, with commercial operation dates (COD) set for Q4 2027 and Q2 2028 respectively.
In parallel, the Manah I and Manah II Solar IPPs reached significant milestones, with the latter completing acceptance testing four months ahead of schedule. These solar initiatives are complemented by a growing wind energy portfolio, with five projects progressing through qualification and two already at the Request for Proposal (RFP) stage.
Ahmed bin Salim al Abri, CEO of Nama PWP.
'Nama Power and Water Procurement is responsible for planning the future capacities required for electricity and water production and for launching tenders for Independent Power and Water Projects (IPPs and IWPs) under the Build-Own-Operate (BOO) model by the private sector. This approach supports meeting the growing demand and enhances energy and water security in the Sultanate of Oman,' said Ahmed bin Salim al Abri, CEO of Nama PWP.
The company also concluded a landmark 'Optimum Energy Mix and Storage Options' study that affirmed the feasibility of achieving Oman's renewable energy targets through a diversified generation mix.
Al Abri emphasised that energy storage will be pivotal in this transition. Additional studies included a review of the Bulk Supply Tariff framework and an initial Demand Response Study aimed at assessing demand-side flexibility, particularly from large consumers — setting the stage for pilot trials in 2025.
'We are proud to be at the forefront of the national transition to renewable energy, leading landmark projects such as the wind power project in Dhofar and the solar power initiatives in Ibri and Manah. These projects contribute over 1,500 MW of contracted capacity, representing 17% of the total from renewable sources. Our ambition is to raise this share to 65% by 2030, with anticipated investments exceeding RO 1 billion, in alignment with Oman Vision 2040 and the Sultanate of Oman's broader sustainability goals,' Al Abri added.
As the Sultanate of Oman's sole procurer of electricity and water desalination projects, Nama PWP plays a strategic role in ensuring the availability of production capacity at the lowest economic cost. Its activities not only reinforce investor confidence in the utilities sector but also help position Oman as a viable and attractive destination for clean energy investment.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Observer
6 hours ago
- Observer
RO 13m projects under execution in Al Jabal Al Akhdhar
AL JABAL AL AKHDHAR: The Wilayat of Al Jabal Al Akhdhar in Al Dakhiliyah Governorate is witnessing the implementation of ambitious development and investment projects at a cost exceeding RO 13 million. This is part of efforts to develop infrastructure, enhance tourism attractions and improve quality of life. This was disclosed at a field visit organised by Al Dakhiliyah Governorate for journalists and media professionals to review the development projects presently under implemented in Al Jabal Al Akhdhar. They listened to a detailed presentation from project officials on the progress of the projects. Shaikh Hilal bin Said al Hajri, Governor of Al Dakhiliyah, said that these projects are in line with the objectives of Oman Vision 2040 and are aimed at enhancing infrastructure, developing public services and spurring local investment. He noted that construction work on the projects is progressing according to schedule. The Al Jabal Al Akhdhar Park, implemented at a cost exceeding RO 1.1 million, is scheduled to open this month. The project involves modern recreational facilities that meet the aspirations of the governorate's citizens, residents and visitors. The Governor of Al Dakhiliyah said that the governorate attaches great importance to internal road projects many of which have been completed of late at a cost of RO 1.37 million with another package worth RO 1.4 million currently underway. The governor explained that the project to develop the entrance to Al Jabal Al Akhdhar and the dualisation of the main road are nearing completion of the consultancy services phase. The Wilayat of Al Jabal Al Akhdhar recently witnessed the signing of four new investment contracts with local companies with a total value of RO 8.5 million, covering an area of more than 32,000 square metres and for investment periods ranging from 15 to 50 years to boost economic and tourism activity in the wilayat. The signed contracts invovle the construction and operation of an integrated commercial complex in the Hail Al Yaman area, which includes a 3-star hotel, an educational park, an entertainment centre and a shopping mall. The contracts are being implemented by the Smart Supply International, at a cost of RO 7.8 million. The contracts also include construction of a 3D-printed open field in Saih Qatna at a cost of RO 300,000; the Daan Al Busaiteen Park at a cost of RO 100,000 and the operation of Saih Qatna Park, with recreational facilities, a restaurant and a mountain view. Shaikh Sultan bin Mansoor al Ghufaili, Wali of Al Jabal Al Akhdhar, emphasised that the development projects in the Wilayat reflect commitment to consolidating the concepts of sustainable development. He noted that integration with the Office of the Governor of Al Dakhiliyah Governorate has significantly contributed to accelerating project implementation and providing institutional support. Among the projects currently under implementation is a modern public park, which aims to provide an open and integrated recreational space that meets the aspirations of residents and visitors and enhances the quality of life, Al Ghufaili said. Al Dakhiliyah Governorate announced the formation of a joint working group to develop an integrated agricultural tourism project. This project includes educational, recreational and service facilities, most notably a honey museum, a science laboratory, a local rose farm and rosewater distillery, an olive farm and a public park. The project will be implemented on land owned by the governorate in partnership with the private sector. It was also agreed to form a technical team from the governorate and the Ministry of Agriculture, Fisheries and Water Resources to study the implementation of dam projects to harvest rainwater and maintain agricultural terraces, thus enhancing the efficiency of water resources.
Observer
15 hours ago
- Observer
OIA played a key role in improving Oman's credit rating
In its quarterly bulletin 'Enjaz & Eejaz', marking OIA's fifth anniversary, the authority has highlighted its international investments and its pivotal roles in bolstering Oman`s economy amidst global challenges, which included boosting investor confidence and improving credit rating, bringing it back to an investment-grade rating after a seven-year decline It reduced companies' debts by over RO2.5 billion and lowered government guarantees by 47%. Since its inception, OIA has committed RO8.8 billion through the National Development Fund (NDF), creating dual-impact investments that serve as fiscal tools to enhance economic stability while alleviating budget pressures and stimulating growth. Economically, targeted high-impact sectors, like tourism and real estate (9%), logistics (8%), and ICT (4%), diversify the base, generate employment, and strengthen local supply chains. This redirection of oil & gas profits into Future Fund Oman (FFO) represents a leap in private sector empowerment and economic diversification sectors, excluding oil and gas. FFO, with its RO2 billion capital, is aligned with Oman Vision 2040 by investing in priority sectors, which are manufacturing, logistics, mining, tourism, clean energy, fisheries, and digital transformation. FFO supports the Vision in empowering SMEs and supporting the national economy by allocating 90% to direct local projects and 10% to SME investments. National Development Fund (NDF) The NDF manages Oman's domestic assets and companies, aiming to spur economic growth and support the state budget via dividends and divestments. It also aims to enable sustainable economic development by investing in economic diversification sectors, which include tourism, real estate, mining, logistics, food security, and fisheries. Future Fund Oman: Launched in early 2024, this portfolio is OIA's newest and most ambitious investment arm. It focuses on supporting high-impact local projects and strategic investments to drive economic diversification and enhance Oman's investment appeal. With an RO2 billion commitment over five years, it also plays a key role in empowering the private sector by investing in major projects and SMEs, and start-up projects. Most OIA's investments (61.3%) are concentrated in Oman, while foreign investments are distributed across continents – led by North America (19.9%): Nearly 68% percent of investments are in the energy sector, followed by 9 percent in the tourism and real estate sector.
Muscat Daily
19 hours ago
- Muscat Daily
Oman, China explore deeper ties at Salalah forum
Salalah – The third Omani-Chinese Friendship Forum was held in Salalah last week focusing on strengthening strategic partnership and expanding avenues of cooperation and investment between Oman and China. Organised under the theme 'Chinese Modernisation and Oman Vision 2040: Our Work and Proposals', the forum was a joint initiative of Al Roya newspaper, the Chinese Embassy in Oman and the Oman-China Friendship Association. It brought together officials, experts and specialists from both countries. H H Sayyid Marwan bin Turki al Said, Governor of Dhofar, inaugurated the forum and felicitated participants and speakers. H E Dr Saleh Said Masan, Undersecretary for Commerce and Industry at Ministry of Commerce, Industry and Investment Promotion, described the forum as a 'unique opportunity to exchange expertise and explore promising investment areas that serve the development priorities of both countries.' H E Lyu Jian, Ambassador of China to Oman, said relations between the two countries have remained strong for over 1,200 years, with diplomatic ties formally established in 1978. 'Our cooperation has been stable and fruitful, built on mutual respect and equality.' He added that China is Oman's top trading partner, with bilateral trade reaching US$36.7bn in 2024. China is also among the top five foreign investors in Oman. 'Our collaboration includes the launch of the first Omani satellite, joint energy investments and training programmes that have benefited over 1,200 Omanis.' The ambassador noted that trade between China and the GCC reached US$288bn in 2024, with Chinese investments increasing by more than 30% in the first half of 2025. He called for more cultural cooperation and the introduction of direct flights between Oman and China. Dr Khalid Salim al Saidi, Chairman of Oman-China Friendship Association, said it plays a 'vital role in strengthening ties beyond formal meetings'. He added that its work now includes building cultural bridges and informal cooperation initiatives based on mutual values. Naif Hamed Fadhil, Head of the Dhofar branch of Oman Chamber of Commerce and Industry, said the forum is 'important for bringing business owners closer and enabling bilateral investment in energy, technology, industry, logistics and tourism'. He called for the development of sustainable and impactful cooperation models. The forum featured discussions on four core themes: Chinese Modernisation and Oman Vision 2040, Energy Sector Cooperation, Innovation and Technology Partnerships, and Cultural and Humanitarian Exchange. It also included a photo exhibition in collaboration with the Chinese Embassy and B2B meetings between companies from the two countries. More than 30 representatives from Omani and Chinese firms took part, with a dedicated exhibition showcasing Chinese businesses. The forum aimed to reinforce strategic ties and explore new collaboration areas aligned with Oman's development priorities, while drawing from China's experience in economic and social modernisation.
