Latest news with #MisfahIPP
Observer
18-05-2025
- Business
- Observer
7 bidders qualified for RO 880m Misfah and Duqm IPPs
Muscat: Nama Power and Water Procurement (PWP), the exclusive procurer of power and water in the Sultanate of Oman, has named seven qualified applicants to participate in a tender for the development of two major Independent Power Projects (IPPs) – Misfah IPP and Duqm IPP – which represent a significant step in securing the Sultanate of Oman's future energy needs. Total investment in the IPPs, with a combined generation capacity of 2400 MW, is estimated at RO 880 million. A total of 12 Statements of Qualification were received from international companies. Following a thorough evaluation process, 7 applicants have been successfully qualified to participate in the upcoming tender. They are: ACWA Power Company, Korea Western Power Co Ltd, Marubeni Corporation, Nebras Power, Sembcorp, Utilities Pte, Shenzhen Energy Group, and Sumitomo Corporation. These qualified bidders come from a variety of countries, notablyKSA, Kuwait, UAE, Qatar, India, South Korea, Japan, Qatar, Singapore and China. Ahmed bin Salim bin Mohammed al Abri, CEO of Nama Power and Water Procurement, stated:'The announcement of Misfah and Duqm Independent Power Projects marks a key milestone in advancing the Sultanate of Oman's energy infrastructure. These strategic projects will significantly enhance the reliability and security of electricity supply in Muscat and Al Wusta Governorates, supporting the growing demand for power and contributing to economic development in Sultanate of Oman. The strong interest from globally recognized developers reflects international confidence in Sultanate of Oman's energy sector and Nama PWP's transparent and competitive procurement framework. These projects also reaffirm our commitment to delivering sustainable and efficient power solutions,' Al Abri added.
ME Construction
07-04-2025
- Business
- ME Construction
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.
Zawya
04-04-2025
- Business
- Zawya
Samsung, ACWA in race for 2,400MW Oman power project
Oman's Nama Power & Water Procurement Company has announced that it has received bids from 12 major utility project developers for two of its key projects - Misfah IPP within Muscat Governorate and Duqm IPP in Al Wusta area. Those who submitted the statement of qualifications (SOQS) for the project are: global players including Samsung C&T Corporation; Korea Western Power; Marubeni Corporation; Sumitomo; Reliance Power; Sembcorp Utilities and Shenzhen Energy Group, said Nama in a statement. The key regional players in the race are Acwa Power Company; Nebras Power; Al Ghanim International as well as Etihad Water and Electricity Company and Al Jomaih Energy & Water Company. According to Nama, two combined cycle gas turbines power plants with a total capacity of 2,400 MW will be developed as part of the project. The project will be developed in partnership with the private sector, it added.-TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
