Duqm Power Plant CCGT
Duqm Power Plant CCGT - a Independent Water & Power Project in Oman. Capacity 877 MW. Winning consortium: KOWEPO + EWEC + Nebras + Bahwan. Status: Awarded 22 Jan 2026.
- Country
- Oman
- Procurer
- Nama PWP
- City / region
- Duqm SEZ
- Capacity
- 877 MW
- Status
- Awarded 22 Jan 2026
- Power tariff
- Not publicly disclosed
Winning consortium
KOWEPO + EWEC + Nebras + Bahwan - equity: KOWEPO 35% / Nebras 30% / EWEC 30% / Bahwan 5%
Procurement timeline
- RFP: 2025
- Bid submission: 2025
- Preferred bidder: Late 2025
- Commercial close: 22 Jan 2026
- Financial close: Apr 2026 target
- PCOD: Apr 2028; full Apr 2029
Financing
- Capex: USD 940 M
- Lenders: Korean ECAs + commercials
Technical scope
Process: CCGT (CCUS-ready)
First major KOWEPO IPP in GCC
EPC contractor: TBD (~USD 898M)
Sources
Open the full IWPP / IPP benchmark →Part of the GulfInfra · GCC Infrastructure Library - a free open-source benchmark of 136 public-private partnership procurements across the GCC. Methodology: how we build this.