Oman signs power deals with Qatar’s Nebras and Korea Western Power worth $2.6 billion

Oman’s Nama Power and Water Procurement signed agreements worth an overall $2.6 billion with a consortium led by Qatar’s Nebras Energy and one led by Korea Western Power to develop power generation projects. The agreements are power purchase deals for combined-cycle gas turbine power projects in Misfah and Duqm. The projects include the Misfah Power Plant with a total capacity of 1,700 MW and the Duqum Power Plant with a total capacity of 877 MW, both under 20-year agreements.   The combined-cycle gas projects will use advanced technology to improve fuel efficiency and cut emissions, and are expected to support grid stability and economic growth in Oman.