Nebras Energy, formerly known as Qatar Electricity & Water Company, has achieved a significant milestone in its regional expansion strategy by securing two long-term natural gas–fired combined-cycle gas turbine (CCGT) power plant projects in the Sultanate of Oman. The projects — Misfah Power Plant and Duqm Power Plant — will play a critical role in strengthening Oman’s electricity infrastructure over the next two decades.
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With a combined installed
capacity of 2,577 MW, the projects are aligned with Oman’s long-term
energy security goals and underscore growing GCC cooperation in the power
sector.
Project Overview at a Glance
|
Project
Name |
Location |
Capacity
(MW) |
Contract
Duration |
Expected
COD* |
|
Misfah Power
Plant |
Misfah, Oman |
1,700 MW |
20 Years |
April 2028
(Initial) |
|
Duqm Power
Plant |
Duqm, Oman |
877 MW |
20 Years |
April 2028
(Initial) |
*COD: Commercial Operation Date
Full commercial operations for both plants are expected by April 2029.
Ownership & Consortium Structure
Misfah Power Plant Shareholding
|
Partner |
Equity
Stake |
|
Nebras Energy |
49% |
|
Emirates
Water & Electricity Company (EWEC) |
44% |
|
Bahwan
Infrastructure Services |
7% |
Duqm Power Plant Shareholding
|
Partner |
Equity
Stake |
|
Nebras Energy |
30% |
|
Emirates
Water & Electricity Company (EWEC) |
30% |
|
Korean
Western Power Co. Ltd. (KOWEPO) |
35% |
|
Bahwan
Infrastructure Services |
5% |
The diversified consortium structure brings together regional
utilities, global technical expertise, and strong local participation,
reducing execution risk while ensuring operational efficiency.
Key Project Highlights
- Total
Capacity: 2,577 MW of new gas-fired generation
- Technology:
High-efficiency Combined Cycle Gas Turbine (CCGT)
- Offtaker:
Oman Power and Water Procurement Company (Nama)
- Construction
Start: January 2026
- Fuel
Type: Natural Gas (lower emissions than conventional thermal plants)
- Job
Creation: Significant employment opportunities for Omani nationals
- Investment
Horizon: 20-year power purchase agreements (PPAs)
Strategic Importance for Oman’s Power Sector
1. Meeting Rapidly Growing Electricity Demand
Oman’s electricity demand continues to rise due to:
- Industrial
expansion
- Urban
population growth
- Large-scale
developments such as Duqm Special Economic Zone
The Misfah and Duqm plants will provide baseload power,
ensuring grid stability and supply reliability.
2. Supporting Duqm as an Industrial Hub
The Duqm Power Plant is particularly strategic, supporting:
- Heavy
industries
- Petrochemical
complexes
- Ports
and logistics infrastructure
Reliable power supply is essential to attract long-term
industrial investments to Duqm.
3. Cleaner and More Efficient Power Generation
CCGT plants are among the most efficient fossil-fuel power
technologies, offering:
- Lower
fuel consumption per MWh
- Reduced
carbon emissions compared to conventional gas plants
- Faster
ramp-up capability to balance renewable energy sources
Impact on Oman’s Economy and Workforce
Economic Impact
- Long-term
private sector investment in national infrastructure
- Reduced
reliance on older, less efficient power assets
- Enhanced
investor confidence in Oman’s energy market
Employment & Skills Development
- Hundreds
of jobs during construction
- Long-term
technical and operational roles
- Skills
transfer to Omani engineers and technicians
Local partner Bahwan Infrastructure Services further
strengthens in-country value creation.
Nebras Energy’s Regional Growth Strategy
According to H.E. Eng. Saad bin Sherida Al-Kaabi,
Minister of State for Energy Affairs and Chairman of Nebras Energy, the
projects reflect the company’s commitment to supporting regional development
and energy security.
Meanwhile, Eng. Mohammed bin Nasser Al-Hajri,
Managing Director and CEO, highlighted that these projects represent a qualitative
leap in Nebras Energy’s portfolio, reinforcing its strategy to:
- Diversify
geographically
- Invest
in high-efficiency power assets
- Strengthen
long-term revenue stability
Deep Analysis: Why These Projects Matter
From a strategic standpoint, these projects offer win-win
outcomes:
- For
Oman: Energy security, industrial growth, and job creation
- For
Nebras Energy: Stable long-term returns and expanded GCC presence
- For
the Region: Cross-border energy collaboration and shared expertise
The long-term PPAs with Nama significantly reduce market
risk, making these assets financially resilient even amid global energy market
volatility.
Conclusion
The Misfah and Duqm CCGT power projects mark a transformational
step for Oman’s power generation landscape and a major regional expansion
for Nebras Energy. With modern technology, strong consortium partners, and
long-term offtake agreements, these projects are well-positioned to deliver
reliable, efficient, and economically viable electricity for decades.
As Oman accelerates its industrial and infrastructure
development, projects of this scale will be central to sustaining growth,
enhancing grid resilience, and supporting national energy objectives.
Reference: Saudi Gulf Projects
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