Nebras Energy, a Qatari state-owned energy investment company, through one of its subsidiaries, has been awarded two contracts to develop gas-fired combined-cycle power plants in Oman (Qatar News Agency, 22 January 2026). The projects comprise the Misfah Power Plant, with a total installed capacity of 1.7 GW, and the Duqm Power Plant, with a capacity of 877 MW, both awarded under 20-year power purchase agreements.
In the Misfah project, Nebras Energy has acquired a 49% equity stake, alongside a consortium including United Water and Electricity Company (UWEC), an Omani state-owned utility, holding 44%, and Bahwan Infrastructure Services Company, an Omani infrastructure company, holding 7%.
For the Duqm project, Nebras Energy has secured a 30% stake and is partnering with a consortium comprising United Water and Electricity Company (30%), Korean Western Power Company (KOWEPO), a South Korean state-owned power generation company (35%), and Bahwan Infrastructure Services Company (5%).
Construction of both power plants is scheduled to commence later in January 2026. Initial commercial operations are expected to begin in April 2028, with full commercial operations anticipated by April 2029.
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