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Oman Power And Water Procurement Company Plan Projects Over $1.250 Billion In Renewable Energy

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Yaqub bin Salif Al-Kiyumi, CEO of Oman Power and Water Procurement Company, stated that OPWPC plans to attract over $1.250 billion, in several projects in the renewable energy sector.

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The CEO of the company plans to build two solar plants in Al Dakhiliyah Governorate with a combined capacity of 1,000 MW. These projects will be awarded by the end of the year. These projects are expected to receive a private investment of approximately $600 million.

He said that the company plans to invest approximately $300 million in wind energy in South Sharqiyah Governorate’s Wilayat de Jalan Bani Bu Ali and Al Wusta Governorate’s Wilayat de Duqm. The company will also begin the process for selecting developers by the end of the year.

He stated that these projects are within the Oman Vision 2040 national priorities of conserving the environment, reducing carbon emissions, developing governorates and engaging the private sector. This will generate employment opportunities for Omani youth.

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Yaqub bin Saif Al-Kiyumi stated that the Sultanate of Oman is experiencing a positive increase in energy demand, particularly in renewable energy projects.

Yaqub Bin Saif Al-Kiyumi stated that the company had partnered with the private sector in order to set up two desalination plants at Muscat and Barka. The investment was approximately $350 million.

Nama Group is continuing to implement the royal directives concerning the integration of distribution companies and supply companies in order to improve efficiency and lower administrative and operational costs for electricity, water, and sewage companies.

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