Nama Power and Water Procurement Company

company 1 Deal 2 Partners

Muscat-based power and water procurement company responsible for bulk power and water purchasing across Oman. Manages over 8.5 GW of generation capacity through long-term power and water purchase agreements with independent producers. Operates as a single off-taker under government mandate.

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Founded 2000 1,200 employees Parent: The Government of the Sultanate of Oman

UtilityOfftaker

Strategic Overview

Sole off-taker for all utility-scale power and water projects in Oman, giving it central influence over project approvals and financing.
Increasing focus on hybrid thermal-renewable projects and water desalination integration to meet national sustainability targets.
Uses international competitive bidding for new capacity, attracting developers from GCC, Europe, and Asia.

Deal History (1)

OIA completes Manah Solar Power Plant (Phases I and II) with RO 150 million investment

Developer Solar Oman Nov 17, 2024 USD390M

Investment Focus

Technologies

Solar1

Geography

Oman1

Key People

Eng. Ahmed bin Nasser al-Balushi

Chief Executive Officer

Track Record

8,500

MW Total

Deals Completed

Years Active

$M12,000M

Total Value

Notable projects: Sohar Independent Power Project, Salalah Independent Water and Power Project, Dhofar Power Project

Detailed Analysis

Sectors

Utilities (40 deals)

Geographies

Oman (40 deals)

Deal Stage

OperatingBrownfieldGreenfield

Deal Structure

Power and Water Purchase Agreement (PWPA)Concession

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