Doosan Enerbility, in a consortium with China’s SEPCO3, has reportedly signed an EPC (Engineering, Procurement and Construction) contract for a 1,700MW gas-fired combined-cycle (CCGT) power plant to be built near Muscat, Oman.
The client is reportedly Oman’s Nama Power and Water Procurement Company (Nama PWP), while actual project operation will be handled by an independent power producer (IPP) consortium formed by Korea Western Power, Qatar’s Nebras Power, UAE’s Etihad WE, and Oman’s Bhawan, it is reported. The plant will reportedly be located about 20km west of Muscat.
The contract, based on Doosan’s share, is reportedly worth approximately KRW 930 billion (about $670 million), with completion targeted for April 2029. The contract signing was reportedly disclosed on August 20-21.
Oman’s government is reportedly pursuing new combined-cycle gas plants in response to rising power demand, and this project is regarded as an example of a Korea-China EPC consortium entering the Middle East power market.
As Korean power EPC firms continue winning gas combined-cycle contracts in the Middle East, this is viewed as a case that could positively affect the related equipment and turbine supply chain.
The construction schedule, confirmation of the gas turbine model to be used, and the timing of the IPP consortium’s final financial close are worth watching.