Oman Power and Water Procurement Company’s (OPWPC) CEO Mr. Yaqub bin Saif Al-Kiyumi has stated that the company is planning to attract investments of more than $1.25 billion (OMR480 million) for several projects in renewable energy and water sector.
The OPWP, member of the Nama Group, is the single Buyer of power and water for all IPP or IWPP projects within the Sultanate of Oman.
The CEO said in a statement that OPWPC is planning to develop two solar power plants in Al Dakhiliyah Governorate, with a total capacity of 1,000 MW.
The projects are expected to be awarded before the end of this year. The private investment in these projects is estimated at about $600 million.
“The company also plans to invest about $300 million in wind energy in the Wilayat of Jalan Bani Bu Ali in South Sharqiyah Governorate and the Wilayat of Duqm in the Al Wusta Governorate,” Mr. Al-Kiyumi said adding that the company will begin the process of selecting developers before the end of this year.
The CEO pointed out that “these projects come within the national priorities set by the Oman Vision 2040, of preserving the environment, reducing carbon emissions, exploiting natural resources, developing governorates, engaging the private sector, attracting foreign investments, and generating job opportunities for Omani youth. There is a positive growth in energy demand in the Sultanate of Oman, especially renewable energy projects.”
With regard to the water sector, Mr. Al-Kiyumi said “the company had contracted with the private sector to establish two desalination plants in Muscat and Barka, with an investment of about $350 million.”