Oman Singed agreements over $51bn for Green Hydrogen Projects

Oman Singed agreements over $51bn for Green Hydrogen Projects

Hydrogen Oman “Hydrom” company, a subsidiary of Energy Development Oman (EDO), announced in a statement that it has signed 6 term-sheet agreements with a number of developers to invest in green hydrogen projects in the Sultanate of Oman, to the tune of more than RO 20 billion over the next seven years.

These term-sheet agreements were signed with developers from Belgium, the Netherlands, the United Kingdom, Japan, Singapore, Germany, India, Kuwait and the United Arab Emirates.

The production capacity of these projects reaches 15GW of electricity, built on an area of approximately 1,500 square kilometers in the governorates of Al Wusta and Dhofar.

The agreements include contracting for 47 years, of those 7 years are for the development and establishment of the projects and 40 years for operating the projects.

These agreements include two projects for BP Alternative Energy Investments Limited. The first project in Duqm will be set up on area of 320 square kilometers. The second project in the Governorate of Dhofar will be set up on an area of 427 square kilometers with a production capacity of 3.3 GW of electricity and 150,000 metric tons of hydrogen annually, for both projects.

The agreements also include Green Energy Oman (GEO) project on an