A total of twelve major utility developers have submitted their Statements of Qualifications (SOQs) for consideration including: Samsung C&T Corporation, Korea Western Power, Marubeni Corporation, Sumitomo, Reliance Power, Sembcorp Utilities, and Shenzhen Energy Group. These firms bring experience in developing large-scale power infrastructure and represent a strong vote of confidence in Oman’s energy sector.

Key regional companies that have entered the race include Acwa Power Company, Nebras Power, Al Ghanim International, Etihad Water and Electricity Company (EtihadWE), and Al Jomaih Energy & Water Company—highlighting the strategic importance of these projects within the GCC.

According to NPWPC, the combined scope of the projects includes the development of two combined cycle gas turbine (CCGT) power plants, with a total installed capacity of 2,400MW. Both plants will be developed under Oman’s Independent Power Project (IPP) model, which promotes private sector participation through competitive procurement and long-term power purchase agreements.

The Misfah IPP is expected to support the high energy demands of the capital region, while the Duqm IPP is aligned with the government’s broader plan to transform the Duqm Special Economic Zone into a major industrial and logistical hub. With the submission phase completed, Nama will proceed with the evaluation and shortlisting of qualified bidders, moving toward the next phase of project development and eventual financial close.