{"id":12590,"date":"2026-06-16T13:16:00","date_gmt":"2026-06-16T09:16:00","guid":{"rendered":"https:\/\/omanet.om\/news\/economy\/duqm-powerplant-385million-epc-deal\/"},"modified":"2026-06-17T05:25:34","modified_gmt":"2026-06-17T01:25:34","slug":"duqm-powerplant-385million-epc-deal","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/economy\/duqm-powerplant-385million-epc-deal\/","title":{"rendered":"Duqm Power Plant $385 Million EPC Deal: What It Means for Investment and Energy Growth in Oman"},"content":{"rendered":"<style>\r\n@keyframes hitv3sog-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitv3sog-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OMAN OFFER<\/span><\/div>\r\n    <div class=\"hitv3sogh\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.15s;\">Websites For <span style=\"color:#dc2626;\">Omani Businesses.<\/span><\/div>\r\n    <div class=\"hitv3sogs\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.3s;\">Empower your brand with custom digital solutions designed for high conversion and market dominance.<\/div>\r\n    <div class=\"hitv3sogbl\"><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Responsive designs built for growth<\/span><\/div><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Fast loading with smart automation<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitv3sogct\">\r\n    <button class=\"hitv3sogbtn\" style=\"animation:hitv3sog-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Build Your Free Website <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitv3sogbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div>\n<p>MUSCAT, JUNE 16 \u2014 Oman&#8217;s 870-megawatt Duqm gas-fired power plant has secured a significant $385 million engineering, procurement, and construction (EPC) contract, marking a major advancement in one of the Sultanate\u2019s largest new power generation initiatives.<\/p>\n<p>South Korea\u2019s Doosan Enerbility announced that it has signed the contract with Coastal Power SAOC, the project entity established to develop the plant within the Duqm Special Economic Zone. Valued at approximately KRW 530 billion ($385 million), the project is scheduled for completion by 2029.<\/p>\n<p>The Duqm power plant is being developed by a consortium that includes Korea Western Power (KOWEPO), Qatar\u2019s Nebras Power, EUDC\u2014the investment arm of the UAE\u2019s Etihad Water and Electricity\u2014and Oman\u2019s Bahwan Infrastructure Services.<\/p>\n<p>Doosan Enerbility will partner with China\u2019s SEPCO-3 to deliver the project on a turnkey basis, covering design, procurement, and construction. The South Korean firm will also manufacture and supply critical equipment, such as steam turbines and generators.<\/p>\n<p>Situated about 550 kilometers south of Muscat, the combined-cycle plant will have a capacity of 870 MW. It aims to meet rising electricity demand in southern Oman while supporting industrial growth within the Duqm Special Economic Zone.<\/p>\n<p>This project aligns with Oman\u2019s wider strategy to expand its electricity generation capacity in response to growing industrial and economic development. Earlier this year, Nama Power and Water Procurement awarded long-term power purchase agreements for the Duqm and Misfah independent power projects.<\/p>\n<p>Together, these projects represent investments totaling around RO1 billion and are expected to add over 2 gigawatts of capacity to Oman\u2019s power network.<\/p>\n<p>Lee Hyun-ho, Head of the Plant EPC Business Group at Doosan Enerbility, stated, &#8220;We secured this project based on our extensive project execution experience and EPC capabilities in the Middle East. With continued demand for reliable power supply infrastructure across the region, including Oman, we intend to pursue further opportunities by successfully delivering this project.&#8221;<\/p>\n<p>Commercial operations at the Duqm power plant are anticipated to begin in 2029.<\/p>\n<p><style>\r\n@keyframes hitl8gak-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitl8gak-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitl8gak-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitl8gak-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OFFER<\/span><\/div>\r\n    <div class=\"hitl8gakh\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.15s;\">Your Website <span style=\"color:#dc2626;\">Should Sell.<\/span><\/div>\r\n    <div class=\"hitl8gaks\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.3s;\">Custom-built websites with smart automation & AI-powered features.<\/div>\r\n    <div class=\"hitl8gakbl\"><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>SEO-optimized & lightning fast<\/span><\/div><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Smart features built for your business<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitl8gakct\">\r\n    <button class=\"hitl8gakbtn\" style=\"animation:hitl8gak-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Get Free Consultation <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitl8gakbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div><br \/>\n<\/p>\n<p>Special Analysis by Omanet | Navigate Oman&#8217;s Market<\/p>\n<p>Oman&#8217;s $385 million Duqm gas-fired power plant project underscores a <strong>significant opportunity for energy sector growth<\/strong>, directly supporting industrial expansion in the Duqm Special Economic Zone. For businesses and investors, this development signals <strong>rising demand in energy infrastructure, creating fertile ground for partnerships and long-term investments<\/strong> in power and utilities. Smart investors should closely monitor related industrial growth and government initiatives, as stable power supply will be critical to Oman&#8217;s economic diversification strategy through 2029 and beyond.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oman&#8217;s 870 MW Duqm gas-fired power plant secured a $385M EPC contract with South Korea&#8217;s Doosan Enerbility. Scheduled for completion in 2029, it aims to support southern Oman&#8217;s growing electricity demand and industrial developments in the Duqm Special Economic Zone.<\/p>\n","protected":false},"author":16,"featured_media":12591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[482],"tags":[831,161,1890],"class_list":["post-12590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-duqm","tag-oman","tag-power-plant"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2026\/06\/3418304.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/12590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/comments?post=12590"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/12590\/revisions"}],"predecessor-version":[{"id":12592,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/12590\/revisions\/12592"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/12591"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=12590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=12590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=12590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}