Nebras Energy (formerly Qatar Electricity and Water Company), through one of its subsidiaries, has won two contracts to develop natural gas-fired combined-cycle gas turbine (CCGT) power plants in Oman.
The Misfah Power Plant with a total capacity of 1,700 MW, and the Duqm Power Plant with a total capacity of 877 MW, is for a period of 20 years.
Under the agreements signed with the Oman Power and Water Procurement Company (Nama), Nebras Energy secured a 49% stake in the Misfah Power Plant project, alongside a consortium that includes Emirates Water and Electricity Company (44%) and Bahwan Infrastructure Services (7%).
The company also secured a 30% stake in the Duqm Power Plant project, in partnership with a consortium consisting of Emirates Water and Electricity Company (30%), Korean Western Power Co. Ltd. (35%), and Bahwan Infrastructure Services (5%).
Construction works for both projects will begin this month, with initial commercial operation expected in April 2028, and full commercial operation in April 2029.
"We are pleased to be an active part of the efforts to develop power sector projects in our sister nation, Oman, given the crucial role this sector plays in promoting social and economic development. We are fully confident that these two projects will significantly contribute to meeting the growing electricity demand in the sultanate, in addition to creating many job opportunities for Omani talents," said His Excellency Saad bin Sherida al-Kaabi, Minister of State for Energy Affairs and Chairman of Nebras Energy.
Mohammed bin Nasser al-Hajri, managing director and chief executive officer of Nebras Energy, said winning these two projects was a qualitative achievement for the company’s efforts and represents an important expansion of its presence in the Omani energy market.
"This will support the company’s strategy to enhance its asset base through technological and market diversification by investing in projects with strong economic viability," he added.
Nebras Energy is the new identity of Qatar Electricity and Water Company, one of the leading companies in electricity generation and water desalination in the Middle East and North Africa region.
