Al Kamil Power

What Al Kamil Power does

Al Kamil Power Company SAOG is a publicly listed Omani independent power producer (IPP) that builds, owns, and operates a 285 MW gas-fired electricity generating station at Al Kamil in the Sharqiya Region of the Sultanate of Oman. The company was incorporated on 17 July 2000 as a Société Anonyme Omanaise Générale (SAOG) and trades on the Muscat Securities Market under the ticker KPCS, with a paid-up capital of OMR 9,625,000 (96,250,000 shares) and authorized capital of OMR 25,000,000. It is a subsidiary of ENGIE, the French multinational energy conglomerate, and functions as a single-asset utility infrastructure vehicle.

The company's core product is electricity generation: it operates a 285 MW gas-turbine facility and sells the output exclusively to the Oman national electricity grid under a long-term power purchase agreement (PPA) with the state offtaker. The technology stack is conventional gas-fired power generation — there is no proprietary software, no digital platform, and no AI component. The customer base is effectively a single counterparty (the Oman national grid / government offtaker), making this a textbook regulated utility B2B model.

Al Kamil Power's revenue model is recurring contracted cash flow under a regulated PPA framework, and the company has historically returned a high proportion of earnings to shareholders via semi-annual cash dividends, with distributions ranging from 6% to 35% per semi-annual tranche over 2004–2019. The company has a small headcount of 1–10 employees, reflecting its single-purpose operational profile, and communicates with the market via mandatory MSM disclosures, AGM/EGM meetings, and a bilingual investor relations website.

Name

Al Kamil Power

Legal name

Al Kamil Power Company SAOG

Website

https://alkamilpower.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

1–10 employees

Short description

Al Kamil Power Company SAOG is an Omani independent power producer that operates a 285 MW gas-fired generating station at Al Kamil in the Sharqiya Region, selling electricity exclusively to the Oman national grid under a long-term PPA as a subsidiary of ENGIE.

Ownership category

akta.pro rank

Product category

Independent Power Generation

NAICS

Fossil Fuel Electric Power Generation (221112), Electric Power Generation (22111)

SIC

Electric Services (4911)

akta.pro primary industry

Gas-Fired Combined-Cycle with Carbon Capture (CCGT+CCS/CCUS) (EUACABAE)

akta.pro secondary industry

Captive & Embedded Gas-Fired Power Generation (Industrial/Commercial CHP) (EUALALAB)

Keywords

• Power generation
• Independent power producer
• Electricity generation
• Gas-fired power
• Utility services

Headquarters

HQ city

Ruwi

HQ country

Oman

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Others

Revenue model

1. Electricity Generation and Sales: Revenue generated from electricity generation and supply under power purchase agreements. The company is a licensed independent power producer (IPP) in Oman, generating electricity from its 285 MW gas-fired power station for sale to the grid. The company has a long operational history dating back to establishment in 2000, with consistent dividend payouts from 2004 through 2019.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Al Kamil Power Company SAOG is an independent power producer that builds, owns and operates a 285 MW gas-fired electricity generating station at Al Kamil in the Sharqiya Region of the Sultanate of Oman. The company sells the generated electricity exclusively to the Oman national electricity grid under long-term power purchase agreements as a licensed independent power producer (IPP).

Product overview

Al Kamil Power Company SAOG operates as a single-product independent power generation company. The company's sole offering is a 285 MW electricity generating station at Al Kamil in the Sharqiya Region of the Sultanate of Oman. The company is a subsidiary of Engie and primarily functions as an investor relations portal, providing shareholders with access to financial reports, dividend information, news announcements, and corporate governance disclosures.

Differentiator

Problem solved

Functional benefit

Products and services

• Al Kamil Power Electricity Generation Independent power generation through a 285 MW gas-fired electricity generating station located at Al Kamil in the Sharqiya Region of Oman, supplying electricity to the Oman national grid under long-term power purchase agreements.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators4 records

Recent moves6 records

Expansion highlights1 record

Broad incumbents

• Abu Dhabi National Energy Company (TAQA): Abu Dhabi-listed integrated utility with generation, transmission, and distribution assets across the UAE and internationally. Comparable as a Gulf-based power generator with gas-fired and renewable capacity under regulated and PPA structures.
• Saudi Electricity Company: Saudi Arabia's national vertically integrated utility with significant gas-fired generation capacity. Comparable as a large GCC incumbent power producer and off-taker in the regional electricity market.
• Marubeni Corporation: Japanese trading house with a large global IPP investment portfolio including gas-fired and renewable projects in the Middle East. Comparable as an institutional investor/operator of independent power assets under similar PPA structures.
• Korea Electric Power Corporation (KEPCO): Korean state utility with international IPP investments across MENA. Comparable as a global utility that owns and operates independent power projects under long-term offtake agreements.
• Sembcorp Industries: Singapore-listed energy and urban solutions group with gas-fired and renewable generation in Asia and the Middle East. Comparable as a multi-geography IPP/utility investor operating under long-term PPAs in regional markets.

Direct peers

• SMN Power Holding SAOG: Omani independent power producer listed on the Muscat Securities Market operating the Manah and Sur power stations. Directly comparable as an Omani IPP selling electricity under PPAs to the national grid.
• Al Suwadi Power Company SAOG: Sister company under ENGIE in Oman operating gas-fired IPP capacity under similar PPA structure. Closest direct peer given same ownership, regulatory regime, and operating model in the Omani power market.
• ACWA Power Company: Saudi Arabia-headquartered developer, investor, and operator of power and water assets across MENA. Comparable as a regional IPP that develops, owns, and operates gas-fired and renewable generation under long-term offtake agreements.

Regional players

• Qatar Electricity and Water Company (QEWC): Qatar's largest private-sector power and water producer operating under long-term offtake with state entities. Comparable as a regional GCC IPP with similar PPA-driven economics and a diversified generation portfolio.

Others

• Galfar Engineering & Contracting: Omani engineering and construction contractor with significant power-sector work. Adjacent peer as a domestic contractor serving IPPs and utilities, sharing the same Omani operating environment.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/al-kamil-power-co-saog

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Al Kamil Power