Bahrain pushes ahead with Muharraq city redevelopment plan Halliburton wins multi-year Aramco gas development contract Saudi: Kent secures long-term deals with Aramco for future EPC projects Oman and Jordan launch $100mln investment firm Modon, ADIB introduce Abu Dhabi’s first off-plan home financing solutions Abu Dhabi launches maritime investment guide to attract global businesses Saudi Arabia inaugurates over 900km of roads to boost connectivity Gulftainer unveils $2bln global trade infrastructure strategy Saudi Arabia's trade surplus surges 60% to over $24bln in Q1 2026 UAE, Panama discuss boosting trade, investment, supply chains as part of 'UAE Trade Days' Sharjah Chamber registers 30,000 memberships in H1 Saudi tourism spending reaches record $81bln in 2025 Dubai's AMIS breaks ground on Jacob & Co.’s villa community; targets $10bln IPO in three years UAE's new government work model to deploy Agentic AI in public services Indonesia, Kuwait strengthen strategic energy partnership Kuwait unveils framework for 15-year residency for expat investors Riyadh Air takes off on first domestic route to Jeddah Bahrain issues laws to protect investments Qatar's Hamad Port sails into the world's top eight Kuwait air traffic returns to normal, flights resume QatarEnergy announces new oil discovery offshore Namibia UAE developer Alef launches $1.1bln mixed-use development in Sharjah ADNOC eyeing Canada upstream and LNG opportunities via XRG arm, executive says Dubai real estate deals in April surge to $18.7bln Saudi's SAMA mandates advance notification of investment rounds by financing companies Qatar maritime trade activity accelerates in May Oil steadies as uncertainty over US-Iran talks keeps markets on edge Qatar: Relatively hot daytime conditions expected, moderate night Dubai Centre for Family Businesses explores ways to strengthen business adaptability Saudi Crown Prince, UAE President discuss regional security and cooperation

Log in

عربي

Media Centre

Home » Media Centre

Oman signs power deals with Qatar's Nebras and Korea Western Power worth $2.6bln

Oman signs power deals with Qatar's Nebras and Korea Western Power worth $2.6bln

Oman signs power deals with Qatar's Nebras and Korea Western Power worth $2.6bln

Jan 26, 2026

The agreements are power purchase deals for combined-cycle gas turbine power projects in ⁠Misfah and Duqm, the agency said.

The Misfah and Duqm combined-cycle gas projects will use advanced technology to improve fuel efficiency and ⁠cut emissions, and are expected ​to support grid stability and economic growth in Oman, it added.

The ‍Qatari state news agency QNA also reported the ​deals, saying Nebras Energy, through one of its subsidiaries, has been awarded two contracts to develop gas-fired combined-cycle power generation plants in Oman.

The projects include the Misfah Power Plant, with a total capacity of 1,700 megawatts, and the Duqm Power Plant, with a total capacity of 877 megawatts, both under 20-year ⁠agreements, QNA said.

Nebras Energy acquired a ‌49% stake in the Misfah Power Plant and a 30% stake in the Duqm ‌Power Plant, ⁠QNA added.

($1 = 0.3849 Omani rials)