Oman signs major power, water supply agreements

Oman signs major power, water supply agreements

MUSCAT: Nama Power and Water Procurement Company (Nama PWP) has secured Oman's energy and water future by signing renewed purchase agreements with four key power and desalination plants.The signing ceremony, held under the auspices of Abdulsalam bin Mohammed al Murshidi, Chairman of Oman Investment Authority (OIA), marks a significant step towards continued stability in the country’s electricity and desalinated water supply.These agreements ensure a reliable flow of power and water by extending existing contracts with established facilities. The move comes after Nama PWP issued the 2024 Electricity and Water Procurement Tender, providing an opportunity for existing plants nearing the end of their contracts to secure renewals.

The signing ceremony, held under the patronage of Abdulsalam bin Mohammed al Murshidi, Chairman of Oman Investment Authority (OIA), marks a significant step towards continued stability in the country’s electricity and desalinated water supply. — Picture by Khalfan al Ruzaiqi

The agreements collectively secure over 1,500 megawatts (MW) of electricity and 200,000 cubic metres per day of desalinated water for up to nine years. This translates to continued operation of four critical plants namely Barka 1 which is independent Water and Power Plant, Barka 2 that contributes 703 MW of electricity and 120,000 cubic metres