Oman’s Nama Power and Water Procurement Company (PWP) has signed new power purchase agreements (PPAs) with three independent power producers – Phoenix, Al Batinah and Al Suwadi Power – for gas-fired power projects that will boast a combined capacity of 3,500 MW.

With this deal, all the three companies have secured extension for another 15 years upon the expiry of their current contracts with Nama PWP, the single buyer and procurer of electricity and desalinated water capacity in Oman.

Phoenix Power, backed by AXIA Power as the anchor investor, operates one of Oman’s largest gas-fired IPPs with a 2,000 MW capacity in Sur, while Al Suwadi Power and Al Batinah, both backed by French global energy giant Engie, each operate a 745 MW plant in Barka and Suhar respectively. Both Al Suwadi Power and Al Batinah Power said the new PPAs are expected to commence on April 1, 2028, immediately after the expiry of their current agreements. These would then continue for a period of 15 years until March 31, 2044, said Nama in a statement.

Phoenix Power said the new agreement provides for the continuation of the purchase of 1,978.41 to 2,074.13 MW of power under agreed commercial terms.

In another development, a key unit of Nama – Oman Electricity Transmission Company (OETC) – said it has invited bids from leading utility project developer/consortiums and contractors for the construction of the Sadaf 400 kV grid station project.

The project scope includes the design, supply, installation, testing and commissioning of a new 400kV grid station, said OETC in its tender notification.