The Misfah Independent Power Project is a 1,600 megawatt combined-cycle gas plant located in Wilayat Bousher, Muscat Governorate, Oman, and has now progressed well beyond the 12-bidder shortlist stage previously covered. Doosan Enerbility, working in consortium with SEPCO-3, signed a 928.14 billion won (about $683 million) EPC contract with Jabel Power SAOC on August 21, 2026, with construction scheduled to begin in the third quarter of 2026 and completion expected in April 2029.
Misfah’s Contract Award Brings a Fuller Picture Into View
The developer competition that Construction Review followed among 12 global and regional bidders ultimately resulted in a consortium comprising Korea Western Power, Nebras Power, Etihad Water and Electricity, and Bahwan Infrastructure Services, with Nama Power & Water Procurement Company serving as the offtaker. Siemens Energy will provide six hydrogen co-firing capable gas turbines and generators under a 20-year service agreement, while the sister Duqm plant has been awarded to the same EPC consortium, bringing the combined program capacity to roughly 2,600 megawatts. Full details on the contract, equipment package, and Oman’s parallel renewable IPP pipeline are covered in our report on the EPC award.
Project Overview
- Project Name: Misfah Independent Power Project
- Location: Wilayat Bousher, Muscat Governorate, Oman
- Project Value: 928.14 billion won (approximately $683 million), representing Doosan Enerbility’s EPC contract share
- Client/Developer: Jabel Power SAOC, on behalf of a consortium led by Nebras Power, alongside Korea Western Power, Etihad Water and Electricity, and Bahwan Infrastructure Services
- Offtaker: Nama Power & Water Procurement Company (Nama PWP)
- Main EPC Contractor: Doosan Enerbility, in consortium with SEPCO-3
- Equipment Supplier: Siemens Energy, supplying six SGT5-4000F gas turbines and six SGen5-2000P generators, supported by a 20-year long-term service agreement
- Key Components: 1,600 megawatt combined-cycle gas turbine plant; hydrogen co-firing capable turbines; 8.5 million cubic meters per day of natural gas supply; sister Duqm plant awarded to the same consortium
- Construction Start: Third quarter of 2026
- Expected Completion: April 2029
Project Team
- Developer Consortium: Nebras Power; Korea Western Power; Etihad Water and Electricity; Bahwan Infrastructure Services
- Offtaker: Nama Power & Water Procurement Company
- EPC Contractor: Doosan Enerbility; SEPCO-3
- Equipment Supplier: Siemens Energy
Reported 5th April 2025: Nama Power & Water Procurement Company acquired bids for Oman’s 2.4 GW power project from 12 global and local developers. They include the Duqm IPP in Al Wusta and the Misfah IPP in Muscat. The statement of qualifications was provided by leading world players such as Korea Western Power and Samsung C&T Corporation. Other international bidders for the projects are Shenzhen Energy Group, Sembcorp Utilities, Reliance Power, Sumitomo, and Marubeni Corporation. In addition, well-established regional players have also entered the bidding process for the two projects.
Some of these are Al Ghanim International, Nebras Power, and Acwa Power Company. Etihad Water and Electricity Company and Al Jomaih Energy & Water Company also placed bids. The two projects will incorporate combined cycle gas turbines. They will cumulatively have a combined capacity of 2,400 megawatts. The 2.4 GW Oman Power Project will be built in collaboration with the private sector. It reflects the growing demand for power and economic growth across Oman.
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Project Factsheet
Significance:
- To meet the growing electricity demand in the Muscat and Al Wusta regions.
- To enhance Oman’s national energy security and reduce reliance on energy imports.
- To support economic development and infrastructure expansion in Oman.
Infrastructure:
- The project involves two new combined-cycle gas turbine power plants.
- Total generation capacity will be 2,400 megawatts (2.4 GW).
- The plants will be located in Misfah (Muscat Governorate) and Duqm (Al Wusta Governorate).
- The facilities aim to use efficient, low-emission technology for cleaner power production.
Developer:
- The project is being overseen by Nama Power & Water Procurement Company.
- Development will be carried out in collaboration with private sector partners.
- Bids were received from 12 major international and regional utility developers.
Funding:
- The project will be financed through a public-private partnership (PPP) model.
Interested Bidders:
- The project has attracted energy investments from global firms such as Samsung C&T, Marubeni, and Sumitomo.
- Regional power companies, such as Acwa Power and Nebras Power, have also shown interest.
Importance of Oman’s 2.4 GW Power Project
Oman’s 2.4 GW Power Project is a big step towards consolidating national energy security. The project will cover the increasing demand for electricity in Muscat and Al Wusta. Additionally, the project highlights Oman’s campaign to bring in foreign investment. Against competition from large companies, the project boosts global confidence in Oman’s energy sector. It also shows the government’s shift in attitude towards collaboration with the private sector. Finally, the project can potentially reduce dependence on imports. It will also create employment opportunities and contribute to stimulating local economic activity. The geographical location of the plants contributes to supporting regional development and infrastructure. Furthermore, it will ensure energy access and add more residents to the national grid. With growing energy requirements, the project sets a good example. It cements Oman’s position as a valuable energy player in the region.
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