Nama Power and Water Procurement

What Nama Power and Water Procurement does

Nama Power and Water Procurement (PWP) is the legally mandated single procurer of all electricity and water capacity and output in the Sultanate of Oman, operating as a government-owned state entity under the Nama Group. It procures power and water from private independent power and water producers (IPPs and IWPPs) under long-term Power Purchase Agreements (PPAs) and Water Purchase Agreements (WPAs), and resells the output to licensed electricity distribution companies and water departments at regulated Bulk Supply Tariffs approved annually by the Authority for Public Services Regulation (APSR). The company manages a portfolio of 26 contracted electricity and water desalination plants and has attracted more than USD 11 billion in investments over 15 years, with USD 5 billion more planned, primarily in renewables and storage.

PWP's technology base spans reverse osmosis desalination, combined-cycle gas turbine (CCGT) generation with hydrogen-ready capability (up to 30% hydrogen fuel mix), solar PV, wind generation (including 6.25 MW Windey turbines), and waste-to-energy thermal conversion. Since 2005 it has driven a 47% reduction in gas required per MWh of electricity produced (from 374 to 199 Sm3/MWh), targeting ~140 Sm3/MWh by 2029. In January 2022 PWP launched the Oman Electricity Spot Market — the first wholesale electricity spot market in the region — providing half-hourly price discovery and short-term trading under a Market Management System (MMS) platform, with OETC and APSR oversight.

Revenue is derived from regulated Bulk Supply Tariffs layered over the pass-through of PPA/WPA costs. The go-to-market is government-directed and tender-based: new capacity is awarded via competitive RFQ followed by RFP processes open to local and international developers, with an Oracle-based e-tendering portal. PWP's customer base is structurally limited to Oman's licensed offtake utilities, and it is pursuing a stated roadmap of 9 GW of renewable additions by 2030 (60% of contracted capacity) and net-zero alignment by 2050, aligned with Oman Vision 2040.

Name

Nama Power and Water Procurement

Legal name

Nama Power and Water Procurement

Website

https://omanpwp.om

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Power and Water Procurement Utilities

NAICS

Water Supply and Irrigation Systems (221310), Steam and Air-Conditioning Supply (221330), Water, Sewage and Other Systems (2213), Utilities (221)

SIC

Water Supply (4941), Cogeneration Services & Small Power Producers (4991), Refuse Systems (4953), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Incentives, Grants & Program Administration (Auctions, Tenders, IRA/ITC/PTC Advisory) (EUAMAAAJ)

akta.pro secondary industries

Water Supply & Wastewater Utilities Administration (BPAIACAG), Waste-to-Energy CHP (Municipal/Industrial Waste Incineration) (EUACAKAC)

Keywords

• Power procurement services
• Water desalination procurement
• Electricity bulk supply
• Renewable energy contracting
• Wholesale electricity markets

Headquarters

HQ city

Al Madinah Al Munawwarah

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Revenue model

1. Bulk Supply Tariffs — Electricity and Water: PWP sells electricity to licensed electricity distribution companies and water to water departments under bulk supply agreements. PWP determines Bulk Supply Tariffs for electricity and water annually, as set out in its license and approved by the Authority for Public Services Regulation (APSR). Revenue is derived from long-term Power Purchase Agreements (PPAs) and Water Purchase Agreements (WPAs) with generation and desalination companies, and resold to offtake utilities at regulated tariffs. This is the core revenue mechanism for the company as the single procur.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Nama Power and Water Procurement (PWP) is the legally mandated single procurer of all power and water capacity and output in the Sultanate of Oman. The company procures electricity and desalinated water through long-term Power Purchase Agreements (PPAs) and Water Purchase Agreements (WPAs) with Independent Power Producers (IPPs) and Independent Water and Power Producers (IWPPs), then resells bulk electricity and water to licensed electricity distribution companies and water departments at regulated Bulk Supply Tariffs approved annually by the Authority for Public Services Regulation (APSR). PWP also operates the Oman Electricity Spot Market, the first wholesale electricity spot market in the region.

Product overview

Nama Power and Water Procurement (PWP) is the single procuring entity for power and water capacity in the Sultanate of Oman, operating as a government-owned utility rather than a product company. Its core offerings consist of long-term Power Purchase Agreements (PPAs) and Water Purchase Agreements (WPAs) with independent power and water producers, complemented by the Oman Electricity Spot Market for short-term wholesale electricity trading. Supporting infrastructure includes the E-Tendering Portal for supplier procurement, the PWP Projects Locator for visualising project status, and the I-RECs Auctions platform for trading renewable energy certificates. PWP also operates educational initiatives (Daymah and Daymah AI) and provides public data portals for solar, wind, and demand resources. The company manages a diverse portfolio of power plants (gas, combined cycle), desalination plants (reverse osmosis), and renewable energy projects (solar PV, wind farms), including upcoming waste-to-energy facilities.

Differentiator

Problem solved

Functional benefit

Brands

• Daymah AI: AI and renewable energy training program targeting engineering graduates and individuals interested in renewable energy and AI. The program spans four weeks combining theoretical learning with practical workshops and site visits to PWP's renewable energy projects.
• Daymah

Products and services

• Power Purchase Agreements (PPAs) Long-term contracts (typically 20 years) for the purchase of power generation capacity from Independent Power Producers, ensuring reliable electricity supply to meet Oman's growing demand. PWP procures capacity through competitive tenders (RFQ followed by RFP).
• Water Purchase Agreements (WPAs) Long-term contracts for the purchase of desalinated water capacity from Independent Water and Power Producers, ensuring water security in the Sultanate of Oman under PWP's procurement framework.
• Oman Electricity Spot Market Wholesale electricity spot market providing a platform for short-term electricity trading, enabling market-based pricing every half hour for participants. PWP operates as both Market Operator and Power Procurer in the Spot Market framework.
• Bulk Supply Tariff Annual determination of Bulk Supply Tariffs for electricity and water following principles set in the PWP license and approved by the Authority for Public Services Regulation (APSR). Sold to licensed electricity distribution companies and water departments.
• I-RECs Auctions Periodic auctions for the sale of International Renewable Energy Certificates (I-RECs) generated by PWP's renewable energy projects, enabling local entities to demonstrate renewable energy procurement and transparent tracking of clean energy generation.
• E-Tendering Portal Oracle-based electronic tendering system for managing procurement processes and ensuring adoption of procurement best practices for suppliers and contractors participating in PWP projects.

Quantifiable outcome

• 47% reduction in gas consumption per MWh since 2005 (374 to 199 Sm3/MWh); target further reduction to ~140 Sm3/MWh by 2029 (62% total reduction)
• +4 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

31 partnerships are on record, tiered flagship, core and minor.

• Nebras Power Q.P.S.C. (consortium lead)flagshipStrategic or Co-development Partner · 25 January 2026Nebras-led consortium (with Etihad Water and Electricity Company PJSC and Bahwan Infrastructure Services LLC) signed PPAs with PWP to develop the Misfah CCGT power project (~1,200 MW) under a 20-year PPA, as part of OMR 1 billion investment. Nebras also led the consortium for the Duqm project alongside KOWEPO.
• Korea Western Power Co., Ltd. (KOWEPO)flagshipStrategic or Co-development Partner · 25 January 2026KOWEPO-led consortium (with Nebras Power, Etihad Water and Electricity, and Bahwan Infrastructure Services) signed PPA to develop Duqm CCGT power project (~1,200 MW) under 20-year PPA. KOWEPO brings over 30 years of expertise in coal, gas, and renewables.
• Etihad Water and Electricity Company PJSC (UAE)flagshipStrategic or Co-development Partner · 25 January 2026EtihadWE participates as consortium member in both Misfah and Duqm CCGT projects (OMR 1 billion combined). The UAE company is led by UAE Minister of Energy Suhail Mohamed Al Mazrouei as Chairman.
• Bahwan Infrastructure Services LLCcoreStrategic or Co-development Partner · 25 January 2026Bahwan Infrastructure Services LLC is a consortium member in both Misfah and Duqm CCGT projects, bringing regional expertise and local project execution capabilities. Hind Bahwan, Chairperson, noted the company's commitment to strengthening Oman's power infrastructure.
• EDF Power SolutionsflagshipStrategic or Co-development Partner · 17 December 2025EDF Power Solutions led a consortium with Al Khadra Partners and OQAE to sign a 20-year PPA for the 120 MW Jaalan Bani Bu Ali Wind IPP. This is EDF's first wind project in Oman, expanding its low-carbon portfolio in the country.
• Al Khadra Partners (part of Hind Bahwan Group)coreStrategic or Co-development Partner · 17 December 2025Al Khadra Partners, part of the Hind Bahwan Group, is consortium co-developer with EDF Power Solutions and OQAE for the 120 MW JBB Wind IPP. Sheikha Hind Bahwan is Chairperson.
• Sembcorp Utilities (Singapore)flagshipStrategic or Co-development Partner · 12 November 2025Sembcorp Utilities (wholly-owned subsidiary of Sembcorp Industries) signed a 20-year PPA with PWP and OQAE to develop, build, own, and operate the 125 MW Dhofar II Wind Power Project (Q3 2027 COD). Sembcorp has over 1.1 GW of energy assets in Oman, including Manah and Salalah projects.
• OQ Alternative Energy (OQAE)flagshipStrategic or Co-development Partner · 12 November 2025OQAE, the National Champion for Clean Energy, is joint venture partner with Sembcorp for Dhofar II Wind IPP. OQAE is the national champion designated by the Omani government for clean energy investment.
• GS Inima (Spain)coreStrategic or Co-development Partner · 19 May 2024GS Inima, a Spanish company with over 50 years of experience in water purification and reverse osmosis, leads the Capital Desalination Company consortium for Ghubrah III IWP (300,000 m3/day, OMR 125 million), alongside Jemaih Energy and Water (Saudi Arabia) and Sogex Oman.
• Jemaih Energy and Water Company (Saudi Arabia)coreStrategic or Co-development Partner · 19 May 2024Part of the Capital Desalination Company consortium with GS Inima and Sogex Oman for the Ghubrah III IWP (300,000 m3/day).
• Sogex OmancoreStrategic or Co-development Partner · 19 May 2024Sogex Oman, an Omani company, is part of the Capital Desalination Company consortium for Ghubrah III IWP. CEO Dr. Suhaib Abudayyeh noted the alliance's technical expertise in water desalination.
• Oman Electricity Transmission Company (OETC)coreOthersOETC is a signatory to the Spot Market Framework Agreement alongside PWP (as Market Operator and Power Procurer), generation companies, and other stakeholders. OETC is responsible for electricity transmission infrastructure in the MIS.
• Authority for Public Services Regulation (APSR)coreOthersAPSR is the regulatory authority supervising PWP's operations, approving Bulk Supply Tariffs, and overseeing the development of the Oman Electricity Spot Market rules.
• Ministry of Energy and Minerals (MEM)coreOthersMEM provides strategic direction for Oman's energy sector and nominates projects for PWP to procure, including the first Waste-to-Energy project in partnership with be'ah.
• Ministry of Energy and Minerals (MEM) — Oman Vision 2040 alignmentcoreOthersMEM sets Oman's energy policy, including the renewable energy targets of 30% by 2030 and 39% by 2040, aligned with Oman Vision 2040 and Net Zero 2050. PWP executes procurement to meet these targets.
• ACWA PowercoreStrategic or Co-development PartnerACWA Power (International Company for Water and Power Projects) is a prequalified applicant for Ibri III Solar IPP (500 MW, OMR 155 million) and has been qualified across multiple wind IPP projects. ACWA Power is also a shareholder in multiple contracted plants (Barka I, Barka III, Salalah III).
• Masdar (Abu Dhabi Future Energy Company)coreStrategic or Co-development PartnerMasdar is a prequalified applicant for Ibri III Solar IPP (500 MW). As a leading UAE clean energy developer, Masdar participates in Oman's renewable energy programme.
• TotalEnergies RenewablescoreStrategic or Co-development PartnerTotalEnergies Renewables is a prequalified applicant for Ibri III Solar IPP. TotalEnergies (via TotalEnergies New Ventures) also partnered with Veolia on the Sharqiyah Desalination solar PV project.
• Engie (International Power S.A.)coreStrategic or Co-development PartnerEngie is a prequalified applicant for Ibri III Solar IPP (500 MW, OMR 155 million).
• Jinko PowercoreStrategic or Co-development PartnerJinko Power is a prequalified applicant for Ibri III Solar IPP. Jinko Power HK Company Limited is also a shareholder in Manah II Solar IPP alongside Sembcorp Utilities.
• Sumitomo CorporationcoreStrategic or Co-development PartnerSumitomo Corporation is a prequalified applicant for Ibri III Solar IPP and has been qualified across multiple wind IPP projects.
• Korea Midland Power (KOMIPO)coreStrategic or Co-development PartnerKOMIPO partnered with Al Riyadh National Trading as a prequalified applicant for Ibri III Solar IPP.
• EDF Renouvelables and KOWEPOcoreStrategic or Co-development PartnerEDF Renouvelables and Korea Western Power (KOWEPO) partnered as a prequalified applicant for Ibri III Solar IPP (500 MW).
• ACWA Power, Sembcorp, Sumitomo, TotalEnergies, Masdar, Al Fanar, EDF Renouvelables, Elecnor, Goldwind, GED and Marafiq, Hero Asia Investment, ITOCHU (qualified for five wind projects)coreStrategic or Co-development PartnerFollowing a competitive SOQ process, 11-12 developers were qualified for each of the five wind IPPs: Jalan Bani Bu Ali Wind IPP (91-105 MW), Duqm Wind IPP (234-270 MW), Mahoot Wind I IPP (342-400 MW), Dhofar II Wind IPP (114-132 MW), and Sadah Wind IPP (81-99 MW). Developers include ACWA Power, Sembcorp, Sumitomo, TotalEnergies, Masdar, Al Fanar, EDF Renouvelables, Elecnor, Goldwind, GED and Marafiq, Hero Asia Investment, ITOCHU.
• Veolia Middle EastcoreStrategic or Co-development PartnerVeolia developed and operates the 17 MWp solar PV farm at Sharqiyah Desalination Plant in Sur, the largest solar system for a desalination plant in Oman, generating over 32,000 MWh/year and cutting ~27,200 tonnes CO2/year. Partnership involves long-term lease agreement for the solar farm.
• TotalEnergies (project partner with Veolia)coreStrategic or Co-development PartnerTotalEnergies partnered with Veolia on the 17 MWp Sharqiyah Desalination solar PV project, contributing to the decarbonization of Oman's largest desalination plant.
• Oman Environmental Services Holding Company (be'ah)coreStrategic or Co-development PartnerPWP is developing the first utility-scale Waste-to-Energy project in Oman (95-100 MW, Barka) in close collaboration with be'ah (Oman Environmental Services Holding Company), nominated by APSR. The project will process municipal solid waste into reliable baseload electricity.
• Sharqiyah Desalination Company SAOG (SDC)coreStrategic or Co-development PartnerSDC operates the Sur desalination plant (131,857 m3/day), which has been operational since 2007. PWP purchases desalinated water from SDC under a WPA. The plant was expanded with a 17 MWp solar PV system (Veolia/TotalEnergies partnership) to power desalination during daylight hours.
• Oman Electricity Market (oemo.om)coreOthersThe Oman Electricity Market operator (oemo.om) administers the Spot Market platform and publishes Market Rules. PWP operates as both Market Operator (OPWP) and Power Procurer (PWP) in the Spot Market framework.
• Shaleem and Al Hallaniyat Islands wind resourcesminorOthersDhofar Wind II IPP is located adjacent to the existing Dhofar Wind I IPP in Shaleem and Al Hallaniyat Islands area in Dhofar Governate.
• Nama Dhofar Services (NDS)coreOthersNDS is one of the liaison entities PWP works with alongside Nama Water Services (NWS), MEM, EA, OETC, and other stakeholders for project management.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Saudi Electricity Company (SEC): The state-owned national power utility in Saudi Arabia, responsible for generation, transmission, and distribution across the Kingdom. Comparable to PWP as a GCC national power utility operating under a regulated mandate, though SEC is vertically integrated whereas PWP is a pure procurement entity.
• Abu Dhabi National Energy Company (TAQA): UAE-listed integrated utility majority-owned by Abu Dhabi National Oil Company (ADNOC) and Mubadala. Comparable as a regional state-influenced power and water infrastructure operator with generation, transmission, and water assets across MENA.
• Dubai Electricity and Water Authority (DEWA): UAE government-owned utility providing electricity and water services to Dubai. DEWA's SCADA/AI-driven grid operations and renewable procurement (Shams, Mohammed bin Rashid Al Maktoum Solar Park) mirror PWP's blend of regulated monopoly and renewable tendering activity.

Direct peers

• Saline Water Conversion Corporation (SWCC): Saudi state-owned entity responsible for desalination and water procurement/distribution. Closest functional peer to PWP on the water procurement side, operating similarly as the mandated national procurer of desalinated water capacity under long-term WPAs with private IWPP developers.
• Saudi Power Procurement Company (SPPC): Newly established Saudi entity centralizing electricity procurement from IPPs and IWPPs under Saudi Vision 2030 sector restructuring. Mirror image of PWP's single-procur model, making it the most structurally comparable peer in scale and mandate within the GCC.

Others

• ACWA Power: Saudi-listed IPP/IWPP developer and PWP's most active counterparty in Oman (Barka I, Barka III, Salalah III, Ibri III Solar prequalification). While not a procurer, ACWA is the developer side of PWP's PPA/WPA model and a critical business partner in the renewable and desalination build-out.
• Sembcorp Industries (Utilities arm): Singapore-listed developer with over 1.1 GW of energy assets in Oman (Manah I/II Solar, Dhofar II Wind). Serves as a key 20-year PPA counterparty to PWP and represents the international IPP developer archetype with which PWP contracts.
• Masdar (Abu Dhabi Future Energy Company): UAE clean energy developer and OQ Alternative Energy JV partner across Oman's wind and solar IPPs. Comparable as the developer-side counterpart to PWP's procurement pipeline, with shared exposure to the Oman's national champion deployment model.

Regional players

• Federal Authority for Electricity and Water (FEWA) — UAE: UAE federal entity providing electricity and water services to the Northern Emirates. Comparable to PWP as a government utility operating in a regulated GCC market, though at smaller scale and with a more limited geographic remit.
• KAHRAMAA (Qatar General Electricity and Water Corporation): Qatar's national electricity and water utility responsible for transmission and distribution. Comparable as another Gulf state-owned, regulated power/water monopoly operating under government oversight, though focused downstream rather than purely procurement-driven.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/OmanPwp
• LinkedInlinkedin.com/company/opwp

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

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 Nama Power and Water Procurement