en.Wedoany.com Reported - Oman is seeking companies to build two solar power plants with a total generation capacity of 1,500 megawatts, expected to cost 398 million Omani rials ($1 billion).

State-owned Nama Power and Water Procurement Company (PWP) has issued a pre-qualification request for the Adam and Sinaw Solar Independent Power Projects (IPP). PWP stated in a statement that the expected investment for these two projects is 398 million Omani rials.

The Adam Solar IPP, costing 287 million Omani rials, is located in the Adam Governorate in northeastern Oman and will build a 1,000 MW solar photovoltaic power plant with a supporting battery energy storage system. The project is expected to reduce carbon emissions by over 1 million tons annually and generate 1 million International Renewable Energy Certificates (I-RECs) each year. Each I-REC represents 1 MWh of electricity generated from renewable energy sources, providing a means for companies to verify their renewable energy usage.

The 500 MW Sinaw Solar IPP is expected to cost 111 million Omani rials and is located in the Sinaw Governorate, 175 kilometers from Muscat. The project is projected to reduce carbon dioxide emissions by 566,600 tons annually while generating 500,000 I-RECs per year.

Pre-qualification is the first phase of the competitive procurement process, through which qualified developers will be selected and invited to participate in the subsequent request for proposals phase. These projects are part of Oman's strategy to expand sustainable energy, which is a component of the "Oman Vision 2040."

Last month, PWP, as the sole off-taker of electricity from independent power plants in Oman, signed a power purchase agreement with state-backed O-Green to build an uninterrupted renewable energy project combining wind, solar, and battery storage. Oman recently also commissioned the Manah 1 and Manah 2 solar projects, with a total generation capacity of 1 GW. Previous projects include the 500 MW Ibri II solar power plant and Oman's first commercial wind power project, the Dhofar Wind Farm. The government's updated national net-zero strategy includes a new target to reduce greenhouse gas emissions by 33% from 2024 levels by 2035.

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