Samsung and ACWA Compete for Oman's 2,400MW Power Project
Deal News | Apr 04, 2025 | Zawya
Nama Power & Water Procurement Company of Oman has attracted bids from 12 prominent utility developers for key power infrastructure projects, the Misfah IPP in Muscat and Duqm IPP in Al Wusta. Notable global bidders include Samsung C&T and Korea Western Power, while regional players such as ACWA Power and Nebras Power have also thrown their hats into the ring. These projects involve the construction of two combined cycle gas turbine power plants with a total planned capacity of 2,400 MW and will be developed through partnerships with the private sector.
Sectors
- Energy
- Infrastructure
Geography
- Oman – The power projects and bidding activity are taking place within Oman.
Industry
- Energy – The article discusses bids for power projects which are crucial parts of the energy industry.
- Infrastructure – The development of power plants is a significant aspect of infrastructure projects.
Financials
- 2,400 MW – The total capacity of the two combined cycle gas turbines power plants to be developed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nama Power & Water Procurement Company | Project Owner | Company | The company responsible for announcing the bids for the power projects. |
| Samsung C&T Corporation | Bidder | Company | A global company participating in the bidding process for Oman’s power projects. |
| ACWA Power Company | Bidder | Company | A regional player competing to secure Oman’s power project contracts. |
| Korea Western Power | Bidder | Company | A global company involved in the bidding for the power projects. |
| Marubeni Corporation | Bidder | Company | A global participant in the bidding process for the projects. |
| Sumitomo | Bidder | Company | Another major company competing in the project bids. |
| Nebras Power | Bidder | Company | A regional player bidding for the power projects. |
| Al Ghanim International | Bidder | Company | A regional corporation participating in the bidding activity. |
| Etihad Water and Electricity Company | Bidder | Company | Participates in the regional competition for power contracts. |
| Al Jomaih Energy & Water Company | Bidder | Company | A regional company engaged in the power project bidding. |