$350m contract awarded for power plant in Oman’s Duqm

A consortium led by South Korea’s Doosan Enerbility has secured a 530 billion won ($350 million) contract to build an 870-megawatt power plant in Oman.

The group includes Korea Western Power Company; Qatar’s Nebras Power; EUDC, the development and investment arm of the UAE’s Etihad Water and Electricity; and Oman’s Bahwan Infrastructure Services, South Korea’s Yonhap news agency reported.

The plant will be located in Duqm, 550km south of Muscat.

Doosan Enerbility will collaborate with China’s Sepco-3 to deliver the engineering, procurement and construction (EPC) contract. It will also manufacture and supply key equipment, including steam turbines and generators.

The plant, scheduled for completion by 2029, will help meet growing electricity demand in southern Oman.

“We won the deal based on our experiences in carrying out projects in the Middle East and our EPC capabilities,” Lee Hyun-ho, head of Doosan’s EPC division, said in the report.

Oman’s Public Authority for Special Economic Zones and Free Zones has signed 10 agreements and memoranda of understanding this month, drawing investments worth nearly OMR3 billion ($7.5 billion) to establish projects in Duqm.