Nama Power and Water Procurement Company (PWP), Oman has issued letters of award (LOA) for new power purchase agreements (PPAs) to three independent power producers (IPPs).
The LOA was issued to Phoenix Power Company, Al Batinah Power Company and Al Suwadi Power Company.
Al Suwadi Power Company and Al Batinah Power Company operate the 750MW Barka III IPP and the 750MW Sohar II IPP respectively, while Phoenix Power Company operates the 2,000MW Sur IPP.
The proposed agreements will extend the operating life of the gas-fired power plants beyond the expiry of their current PPAs. All three companies said the new PPAs will run for 15 years under mutually agreed commercial terms, with acceptance of the LOA .
The new agreements form part of PWP’s Power 2028–2029 procurement programme, which aims to secure around 3,500MW of firm power supply through new PPAs with existing generators whose current contracts expire during the 2028–2029 period.
