By: Utilities Middle east

Nebras Energy has increased its exposure to Oman’s power sector after taking significant equity stakes in two large gas-fired generation projects awarded by the sultanate’s procurement authority.

According to the news report by Zawya, the Doha-based company, recently rebranded from Qatar Electricity & Water Company (QEWC), will hold 49% of the 1,700 MW Misfah Power Project in Muscat Governorate and 30% of the 877 MW Duqm Power Project in Al Wusta Governorate. Both schemes were awarded by Nama Power and Water Procurement Company, Oman’s single buyer of electricity and water.

The plants will use combined-cycle gas turbine (CCGT) technology and are set to introduce hydrogen-ready design specifications to Oman’s power sector for the first time. Total investment across the two projects is estimated at around RO 1 billion.

At Misfah, Nebras Energy will partner with Emirates Water and Electricity Company (EWEC), which will take 44%, and Oman’s Bahwan Infrastructure Group with 7%. The Duqm consortium comprises Korean Western Power Co Ltd (35%), Emirates Water and Electricity Company (30%) and Bahwan Infrastructure Services (5%), alongside Nebras Energy.

The latest transactions build on Nebras Energy’s widening portfolio in Oman. Through its wholly owned international arm, Nebras Power, the company holds 9.9% of Amin Renewable Energy Company, which operates the Project Amin solar plant in Petroleum Development Oman’s concession. Earlier this month, it also acquired 9.75% of Phoenix Power Company, owner of the 2,000 MW Sur independent power project.

Founded in 1990, Nebras Energy oversees more than 10.6 GW of generation capacity and 541 million gallons per day of desalinated water in Qatar, while its international portfolio spans power, renewables and water infrastructure across the Middle East, Asia, Africa and Latin America.

The awards also mark a first for UAE-based Etihad Water and Electricity in Oman’s power market. Wholly owned by the Emirates Investment Authority, EtihadWE has historically concentrated on the Northern Emirates, but has recently moved into Saudi Arabia and Oman as part of its regional expansion strategy.