Oman’s OPWP plans to attract investments of over OMR 480 million

Muscat: The Oman Power and Water Procurement Company Plans to attract investments of more than OMR 480 million to implement a number of projects in renewable energy and water sector.

In a statement Oman News Agency said:  Eng. Yaqoub bin Saif Al Kiyumi, CEO of the Oman Power and Water Procurement Company, said: “The company plans to attract investments in the coming period of more than OMR 480 million equivalent to (1.25 billion USD ) to implement a number of projects in energy renewable and water.

The CEO of the Oman Energy and Water Procurement Company told the Oman News Agency that the company is currently developing two power plants using solar energy in the field of renewable energy in Al Dakhiliyah Governorate, with a total capacity of 1,000 megawatts, and they are currently declining and it is expected that they will be awarded before the end of this year. The investment of the private sector in these two projects will amount to about 600 million US dollars.

He added that the company also expects to invest about $300 million in wind energy projects to be established in the Wilayat of Jalan Bani Bu Ali in the South Sharqiyah Governorate and in the Wilayat of Duqm in the Al Wusta Governorate, explaining that the company will begin the process of qualifying developers before the end of this year.

He pointed out that these projects come within the national priorities set by the “Oman 2040” vision of preserving the environment, reducing carbon emissions, exploiting natural resources, developing governorates, engaging the private sector, attracting foreign investment and generating job opportunities for Omani youth.

Engineer Yaqoub Al-Kiyumi stressed that there is a positive growth in the field of energy demand in the Sultanate of Oman, which enhances such projects, especially renewable energy projects.

With regard to the water sector, Eng. Yaqoub Al-Kiyumi explained that the company had contracted with the private sector to establish two desalination plants in Muscat and Barka, with an investment estimated at about $350 million.

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