Oman committed to renewable energy to meet demand

22/08/23

Oman is inviting procurement targetting solar and wind capacity to secure at least 30 percent of its electricity from renewable sources by 2030.

Several new wind based Independent Power Projects (IPPs), as well as a mid-size solar PV based IPP and a Waste to Energy scheme will be made available for tender during the current quarter.

The process will commence with the Requests for Qualifications (RFQs) phase, followed by a Request for Proposals (RFP) according to Nama Power and Water Procurement Co (PWP), the state run procurer for new capacity.

The new wind IPP projects are planned for Duqm in Al Wusta Governorate which will generate 200 - 300 MW. The RFQ is proposed for issuance in Quarter three this year, followed by a Request for Proposals (RFP) in Quarter one next year. Similar procurement timeframes are planned for a 100 MW facility at Jalaan Bani Bu Ali in North Al Sharqiyah Governorate and the Dhofar II Wind IPP. The latter is a 100 – 200 MW project to be built alongside Oman’s first wind farm at Harweel.

In addition to wind, a new 500 MW solar PV scheme is proposed alongside Oman’s first grid connected solar IPP at Ibri in Al Dhahirah Governorate. Similarly a Waste to Energy 130 - 140 MW capacity project planned at Barka in South Al Batinah Governorate will utilise municipal waste as feedstock. The PWP expects to award the project in Q3 2024 with the aim of starting operations in 2028.

Business Start Up Oman offers a network of experts and specialists within the lifecycle of a business. We offer expertise in Market Research and Assessment Oman, Oman Business Case, Oman Business Model Development, Feasibility Study and Business Plan Oman, Organizational and Operational Structuring Oman, Oman Sponsorship and Partnership, Company Formation Oman among others.

Please click on the link to learn more about the opportunities and possibilities in the Sultanate of Oman as well as the initiatives of Business Start Up Oman.

Other News

News 13 - Thumb

Oman’s Sustainable Yiti City infrastructure near completion

Oman’s flagship sustainable development, The Sustainable City – Yiti, is on track to become the region’s first net-zero emissions city by 2040.

With 96% of its infrastructure works completed,...

Read more
News 12 - Thumb

Oman’s economy grows amid reform progress: IMF

Oman’s economy is demonstrating steady growth, supported by significant reforms under Oman Vision 2040, according to the International Monetary Fund (IMF).

In its End-of-Mission report following...

Read more
News 11 - BSUO - Thumb

Omans Chamber Commerce signs MOUs to empower SMEs

Omans Chamber of Commerce and Industry (OCCI) recently signed three key memoranda of understanding (MOUs) in a strategic move to support the growth and sustainability of small and medium enterprises (SMES).

The...

Read more
News 10 - Thumb

Oman unveils shore power investment opportunities

Omans Sohar Port and Freezone recently revealed a strategic investment opportunity focused on the development of shore power infrastructure.

The Sohar Port and Freezones ...

Read more
News 9 - Thumb

Oman's Progress on Free Trade Agreement with Singapore

Oman has made significant strides in expanding its trade relationship with Singapore, increasing its exported products from 51 in 2000 to 135 in 2018. This growth underscores Oman’s commitment to becoming...

Read more
News 8 - Thumb

Oman’s SME sector growing with strong government support

Oman’s small and medium enterprise (SME) sector is experiencing significant growth with 141,126 registered SMEs at Q2 2024, as reported by the Authority for Small and Medium Enterprises Development....

Read more
News 7 - Thumb

Oman unveils 151 new investment opportunities

Oman`s Ministry of Housing and Urban Planning (MHUP) recently approved 151 new projects, in a bid to enhance economic growth and sectoral development. Announced on the Tatweer platform, these initiatives...

Read more
News 6 - Thumb

Oman Business Platform hits record transactions in H1 2024

Oman`s Business Platform facilitated a record 487,300 commercial transactions for the first half of 2024, figures from the Ministry of Commerce, Industry and Investment Promotion show.

During the first...

Read more

Page Break