Nama PWP Awards Sembcorp Salalah New 10-Year Contract: What This Means for Long-Term Investment Opportunities in Oman
MUSCAT – Sembcorp Industries, through its subsidiary Sembcorp Salalah Power & Water Company SAOG (SSPWC), has secured a new 10-year Power and Water Purchase Agreement (PWPA) with Nama Power and Water Procurement Company (Nama PWP). This agreement will take effect from April 4, 2027, immediately after the current 15-year PWPA expires on April 3, 2027.
The new contract covers a capacity of 465 megawatts of power per hour and 15 million imperial gallons (68,190 cubic metres) of water daily at the Salalah Independent Water and Power Plant. SSPWC, which developed, owns, and operates the plant, features a gas-fired combined cycle power facility alongside a reverse osmosis seawater desalination plant.
This award guarantees the continued supply of power and water under mutually agreed commercial terms, reinforcing the strategic partnership between SSPWC and Nama PWP. It also enhances long-term revenue visibility and supports operational sustainability.
Commissioned in May 2012, the plant represents an investment of approximately $1 billion. With an energy portfolio exceeding 1.0 gigawatts in Oman, including gas and renewable assets, Sembcorp is well-positioned to pursue its long-term growth ambitions in the Sultanate.
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The renewal of Sembcorp Salalah’s 10-year Power and Water Purchase Agreement signifies stable, long-term investment confidence in Oman’s energy sector, ensuring revenue predictability and operational continuity. For businesses and investors, this highlights opportunities in energy infrastructure and public-private partnerships, especially in gas-fired and desalination technologies. Smart investors should consider positioning themselves in Oman’s expanding power and water sectors to leverage the country’s focus on sustainable growth and energy diversification.
