Nama Power and Water Procurement Company (PWP), Oman signs new power purchase agreements (PPAs) with three independent power producers (IPPs).
The Agreements was signed with Phoenix Power Company, Al Batinah Power Company and Al Suwadi Power Company.
Al Suwadi Power Company announces that under the terms of the new PPA, the contracted capacity of the ASPC power plant will be 746.53 megawatts (MW). The New PPA ensures the continued offtake of power under mutually agreed commercial terms, strengthens the strategic partnership between ASPC and PWP, provides long-term revenue visibility, supports operational sustainability, and aligns with the Company’s long-term strategy in Oman. The new agreement would commence on 1 April 2028, immediately after the expiry of the current agreement, and would continue for a period of 15 years until 31 March 2043.
Phoenix Power Company announces that the new agreement provides for the continuation of the purchase of 1,978.41 to 2,074.13 megawatts of power under agreed commercial terms, further strengthening the strategic partnership between the Company and Nama Power and Water Procurement Company (PWP). It also ensures long-term financial stability and supports the Company’s future operational sustainability. The new agreement would commence on 1 April 2029, immediately after the expiry of the current agreement, and would continue for a period of 15 years until 31 March 2044.
Al Batinah Power Company announces that Under the terms of the new PPA, the contracted capacity of the ABPC power plant will be 746.53 megawatts (MW). The New PPA ensures the continued offtake of power under mutually agreed commercial terms, strengthens the strategic partnership between ABPC and PWP, provides long-term revenue visibility, supports operational sustainability, and aligns with the Company’s long-term strategy in Oman. The new agreement would commence on 1 April 2028, immediately after the expiry of the current agreement, and would continue for a period of 15 years until 31 March 2043.
Related: Oman’s Nama PWP Awards PPAs to Three Independent Power Producers
