Agreement worth $20 Billion signed for green hydrogen projects in Oman

Muscat: Oman Hydrogen Company (owned by Energy Development Oman) today signed 6 agreements of binding commercial terms to invest in the production of green hydrogen in Oman, with total investments exceeding $20 billion over the next seven years, with developers from several countries  they are: Belgium, the Netherlands, the United Kingdom, Japan, Singapore, Germany, India, Kuwait and the UAE.

The production capacity of these projects reaches 15 gigawatts of electricity with an estimated area of ​​1,500 square kilometers in the governorates of Al Wusta and Dhofar. The agreements include contracting for a period of 47 years, including 7 years for the development and construction of projects and 40 years for operation.

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