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Oman's Nama Power & Water Procurement (Nama PWP) has signed power purchase agreements (PPAs) for the development and operation of the Misfah and Duqm gas-fired independent power projects (IPPs).

The two combined cycle gas turbine plants have been awarded to a consortium comprising Korea Western Power (Kowepo), Qatar’s Nebras Power, the UAE’s Etihad Water & Electricity (EtihadWE) and Oman’s Bhawan Infrastructure Services.

The Misfah IPP will be led by Nebras Power and located in Wilayat Bousher in Muscat Governorate, with a planned capacity of 1,600MW.

The Duqm IPP will be led by Kowepo and located in Wilayat Duqm in Al-Wusta Governorate, with a capacity of 800MW.

According to Nama PWP, the total investment for the two projects is estimated at approximately RO1bn ($2.6bn)

MEED reported in October that Nama PWP had received three bids for the development and operation of the gas-fired IPPs.

The other bids included a consortium comprising China’s Shenzhen Energy Group and Oman National Engineering & Investment Company, and a lone bid from Saudi Arabia’s Acwa Power.

Synergy Consulting is the financial advisor and lead advisor to Nama PWP for these projects.

In November, Oman’s OQ Gas Networks received final investment approval to proceed with gas supply connections for the facilities.

The Misfah IPP will receive 8.5 million cubic metres a day (cm/d) of natural gas. The Duqm IPP will be supplied with 4.5 million cm/d of natural gas.

Both plants are scheduled to deliver early power by April 2028 and to reach full commercial operations in 2029.