Phase A Round 1 green hydrogen project agreements to be signed tomorrow in Oman

Phase A Round 1 green hydrogen project agreements to be signed tomorrow in Oman

As part of Oman’s continuous efforts to be a worldwide hub for the production of green hydrogen, Hydrogen Oman (Hydrom), a subsidiary of Energy Development Oman (EDO), will sign the first green hydrogen project agreements in Oman on Thursday, June 1, 2023. These agreements fall within the Phase A Round 1 auction process that was kicked off last November.

Building upon the progress achieved since the announcement of the Oman Green Hydrogen Strategy in October 2022, as well as the subsequent announcement of the first public auction bidding process, the issuance of Royal Decree 10/2023, and the signing of Commercial Terms with six legacy Initiatives earlier this year, Hydrom will now proceed to sign its first project-related agreements, marking the commencement of the development stage for these projects.

HE Eng Salim bin Nasser Al-Aufi, Minister of Energy and Minerals and Chairman of the Board of Directors of Hydrom, will sign these agreements with the developers in a special event at Grand Millennium Muscat. The occasion will also witness the signing of a Head-Usufruct Agreement between the Ministry of Energy and Minerals, Ministry of Housing and Urban Planning, and Hydrom, as well as other Memorandums of Understanding (MoUs) between various prominent entities related