NPWPC receives strong response for Misfah and Duqm power plants
A total of twelve major utility developers have submitted their Statements of Qualifications (SOQs) for consideration including: Samsung C&T Corporation, Korea Western Power, Marubeni Corporation, Sumitomo, Reliance Power, Sembcorp Utilities, and Shenzhen Energy Group. These firms bring experience in developing large-scale power infrastructure and represent a strong vote of confidence in Oman's energy sector.
Key regional companies that have entered the race include Acwa Power Company, Nebras Power, Al Ghanim International, Etihad Water and Electricity Company (EtihadWE), and Al Jomaih Energy & Water Company—highlighting the strategic importance of these projects within the GCC.
According to NPWPC, the combined scope of the projects includes the development of two combined cycle gas turbine (CCGT) power plants, with a total installed capacity of 2,400MW. Both plants will be developed under Oman's Independent Power Project (IPP) model, which promotes private sector participation through competitive procurement and long-term power purchase agreements.
The Misfah IPP is expected to support the high energy demands of the capital region, while the Duqm IPP is aligned with the government's broader plan to transform the Duqm Special Economic Zone into a major industrial and logistical hub. With the submission phase completed, Nama will proceed with the evaluation and shortlisting of qualified bidders, moving toward the next phase of project development and eventual financial close.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gulf Today
6 days ago
- Gulf Today
Aljomaih Energy leads financial close of Rabigh 2 Solar Project
The Rabigh 2 Solar Independent Power Plant (IPP) has successfully reached financial close on May 15, 2025, under Round 5 projects of Saudi Arabia's National Renewable Energy programme (NREP), which is led and supervised by the Ministry of Energy. The project is being developed by a consortium comprising Aljomaih Energy & Water Company as the lead developer and TotalEnergies Renewables SAS as the consortium partner, underscoring the strong collaboration between leading local and international energy companies. Located in Rabigh, Makkah Province, the Rabigh 2 Solar IPP is implemented under a Build, Own, Operate (BOO) model and will boast a generation capacity of 300 MW. The Saudi Power Procurement Company (SPPC) will purchase the electricity generated over 25 years. The project is financed with a total value of SAR 825 million, supported by a consortium of lenders including Al Rajhi Bank, ADCB, SMTB, and DBS Bank (Hong Kong). Once operational, Rabigh 2 will be capable of powering approximately 53,000 residential units. In this context, Ibrahim Mohammed Al Abdulaziz Aljomaih, Chairman of the Board of Directors at Aljomaih Energy and Water Company, stated: 'Rabigh 2 Solar IPP reflects our unwavering commitment to supporting the Saudis'ambitious Vision 2030, the National Renewable Energy programme and the Saudi Green Initiative. At Aljomaih Energy and Water, we are proud to collaborate closely with relevant governmententities to advance Saudi Arabia's clean energy transition.
Web Release
29-05-2025
- Web Release
'Comera Finance, Part of Abu Dhabi's Royal Group, Receives In-Principle Approval From The Central Bank of UAE For A Finance Company License.'
'Comera Finance, Part of Abu Dhabi's Royal Group, Receives In-Principle Approval From The Central Bank of UAE For A Finance Company License.' Comera Finance, part of Comera Financial Holding and Abu Dhabi's Royal Group, has received in-principle approval from the Central Bank of the UAE to operate as a fully licensed Non-Banking Financial Company (NBFC). This significant milestone reinforces Comera's commitment to delivering a seamless, tech-powered financial ecosystem tailored for the UAE's digitally connected future. Comera Finance will offer the entire spectrum of products including Retail, SME and Corporate lending. These would include Credit Cards, Personal Loans, Mortgages, Vehicle Finance and other borrowing requirements of Consumers and Letters of Credits, Bank Guarantees, Performance Bonds, Working Capital lending and tailor made Supply Chain Finance to its SME's and Corporate clients. At the heart of Comera's offering will be its advanced digital infrastructure. Built on scalable cloud architecture, the platform leverages real-time processing, advanced security, AI-driven fraud detection, and instant payment notifications to create a frictionless experience for users. This approval aligns with the UAE leadership's ambitious vision to build a world-class digital economy, promoting financial inclusion, innovation, and seamless access to digital services. As part of this national vision, Comera Finance will integrate with AANI, the Instant Payment Platform (IPP) and support Jaywan card issuance—paving the way for greater adoption of cashless transactions across the country. 'With this NBFC license, Comera is stepping into a transformative role in the UAE's fintech ecosystem,' said Akhtar Saeed Hashmi, Chief Executive Officer and Managing Director of Comera Financial Holding. 'Our technology-first approach supports the nation's long-term goal of a cashless, digitally empowered society led by visionary leadership and robust regulatory frameworks.' As the UAE accelerates toward becoming a regional fintech leader, Comera stands ready to support that journey—merging innovation with trust to reshape financial experiences for the modern era. Comera Finance is expected to go live to public by end of Q3 2025 with a host of digital offerings.
Zawya
27-05-2025
- Zawya
South Africa's Independent Power Producers (IPP) Office backs Youth Energy Summit
We are proud to welcome the Independent Power Producers Office (IPP) as the overall Summit Sponsor of the 2025 Youth Energy Summit (YES!). The event, happening from 18-20 June in Cape Town, will unite more than 3,000 graduates, emerging professionals, and young entrepreneurs in tackling Africa's most pressing 21st-century energy challenges. For a full programme and to join the debate, visit: With more than 50% of Africa still lacking access to electricity, and a vast untapped potential in renewable energy, the continent has the opportunity to create up to 100 million green jobs by 2050. But how can we meet this demand? How do we bridge the skills gap? And how can youth voices be integrated into energy decision-making at the highest levels? These are just a few of the critical questions that will be explored at YES!, the world's largest gathering of youth in the energy sector. Enabling South Africa's energy sector through youth and community development has always been at the heart of the IPP office's activities. This investment into Africa's youth is testament to the importance the IPP Office places on youth and community engagement throughout the deals and work they are tasked to do by the government. Joining the IPP Office to open the Youth Energy Summit on Wednesday 18th June will be Andry Rajoelina, the President of Madagascar, African Development Bank nominee for President, Amadou Hott, and African Union Commissioner for Energy and Infrastructure, His Excellency Lerato D. Mataboge. Dzunani Makgopa, IPP's chief financial officer, says: 'Renewable energy is the way to go, not just nationally, but globally. YES! is a great platform to introduce young professionals to the sector. This is the place to be, and we need to empower a lot of youth to the opportunities that exist within the energy sector.' Simon Gosling, EnergyNet Managing Director, adds: 'It's an exciting time for young people looking to take a more productive role in energy. The IPP Office puts community engagement and job creation at the heart of its mission. This commitment to sponsor the Youth Energy Summit is an extension of its policies and aims to expose thousands of young people to the many vast and varied opportunities within the South African IPP and energy universe.' Established in 2023, YES! is dedicated to empowering African youth and institutions by providing resources, training, and networking opportunities within the energy sector. The summit brings together thousands of entrepreneurs, early-career professionals, educators, and students from across the continent. With the goal of building a network of 100 million young energy leaders by 2035, YES! is accelerating the transition to a sustainable energy future. This year's summit will feature dynamic sessions on energy careers, skill development, and opportunities within the sector, as well as insights from recruiters, energy entrepreneurs, and industry experts. YES! also partners with top academic institutions, including the University of Cape Town, the University of the Western Cape, Eduvos, Kenyatta University, and Harambee. QUOTES 'DBSA's mission is to build Africa's prosperity, and we're delighted to be working with YES! to help ensure the Youth take part in and benefit from the Energy Transition. Empowering the next generation is one of the most valuable actions anyone can take.' Foundation sponsor Development Bank of Southern Africa (DBSA) 'The Youth Energy Summit is more than a gathering – it's a movement. Africa has the youngest population in the world, and the youth is our greatest asset in the drive towards a more sustainable, inclusive energy future.' Anél Bosman, Group Managing Executive, Nedbank CIB 'Siemens Energy is at the YES Summit because we believe the bold dreams of the next generation of energy leaders can ignite a global energy revolution with real-world impact.' Neveen Hussein, Sustainability Leader, Middle East&Africa | Siemens Energy 'At Pele Energy Group, we believe the true power behind the energy transition isn't just in technology or infrastructure - it's in people. That's why partnering with YES! felt like more than a decision; it felt like a calling. Melissa Wilkinson, Chief People Person, Pele Energy Group 'I said yes to the YES! Summit, not because of panels or speeches, but because it calls for ownership. The future of this country will not be built by someone else. It's us, the youth, who must roll up our sleeves, lean into the discomfort, and change South Africa ourselves.' Layton Nenzinane, Chief Financial Officer, Seriti Green 'EWSETA says YES to YES! because the Summit aligns with our strategic mandate to empower youth, graduates, and entrepreneurs with future-focused skills for the energy and water sectors. It offers a powerful platform to amplify our training programmes, bursaries, and impact on over 4,000 young professionals across Africa.' The Energy and Water Sector Education Training Authority (EWSETA) Distributed by APO Group on behalf of EnergyNet Ltd.. For media inquiries and registration please email: Poliana Sperandio poliana@ Sylvia Gaita
