Why Oman

  • The Sultanate of Oman has set a target of a minimum 11 per cent power generation output from renewables by the year 2023.
  • OPWP’s 2018 Seven-Year Plan forecast’s peak power demand rising by 53%, from 6.52 GW in 2016 to 9.96 GW in 2023.
  • As Oman continues its rapid industrialization and urbanization; its power sector is expected to attract US$7bn in new investments in the near to medium-term.
  • Oman has a reputation as a trendsetter in the region’s power and water sector, having pioneered the deregulation and liberalization of the industry to make it attractive for international developers to invest in this strategically vital sector.
  • OPWP plans to procure 2.6 GW of renewable energy projects and make the country’s first Clean Coal program operational by 2024.
  • Total Foreign Direct Investment (FDI) in Oman’s electricity generation and water desalination sector has soared to around $10 billion.
  • The Sultanate of Oman is one amongst a handful countries in the region with a dedicated Ministry overseeing Environment and Climate Affairs.