Nama PWP Invites Bids for Financial and Commercial Consultancy for 3 GW Solar 2030 IPPs in Oman

Nama Power and Water Procurement Company has announced an invitation for bids to secure financial and commercial consultancy services for its ambitious 3000 MW solar independent power producer projects planned for completion by 2030 in Oman.

The state-owned entity responsible for procuring electricity and water in the Sultanate is seeking qualified consultants to provide expert guidance on the financial structuring and commercial aspects of these large-scale renewable energy developments. This initiative represents a significant step in Oman’s commitment to diversifying its energy portfolio and reducing dependence on fossil fuels.

The 3 GW solar capacity forms a crucial component of Oman’s Vision 2040 strategic framework which aims to increase the share of renewable energy in the national electricity mix. The projects are expected to attract substantial foreign and domestic investment while contributing to the country’s economic diversification goals.

Nama PWP’s tender seeks consultants with extensive experience in structuring power purchase agreements and managing financial models for utility-scale solar projects. The successful bidder will be responsible for advising on bankability requirements commercial terms and optimal financial structures to ensure project viability and competitive pricing.

The consultancy services will cover multiple independent power producer projects totaling 3000 MW of solar generation capacity. These projects are strategically planned to leverage Oman’s excellent solar resources which provide ideal conditions for photovoltaic power generation throughout the year.

Industry experts view this procurement as a positive signal of Oman’s continued commitment to renewable energy expansion. The Gulf nation has been steadily increasing its solar and wind capacity in recent years as part of broader efforts to meet growing domestic electricity demand while reducing carbon emissions.

The financial and commercial consultancy role will be critical in ensuring that the projects meet international standards for bankability and attract competitive bids from leading solar developers. The consultant will work closely with Nama PWP to develop tender documents evaluate proposals and structure agreements that balance risk allocation with value for money.

Qualified bidders are expected to demonstrate proven track records in advising on similar large-scale renewable energy projects particularly in the Middle East and North Africa region. Experience with IPP procurement frameworks and understanding of the regional power market dynamics will be essential selection criteria.

The 3000 MW solar program aligns with Oman’s target to generate 30 percent of its electricity from renewable sources by 2030. This ambitious target requires rapid deployment of solar and wind projects over the coming years with significant capacity additions planned across multiple sites throughout the country.

Nama PWP has not disclosed the exact timeline for consultant selection but industry sources indicate that the procurement process will move swiftly to maintain project schedules. The company aims to have consultancy services in place well ahead of launching the IPP tenders to ensure comprehensive preparatory work.

The solar projects are expected to create employment opportunities during construction and operation phases while also supporting local content development in Oman’s emerging renewable energy sector. The government has emphasized the importance of maximizing local participation in these strategic infrastructure projects.

This consultancy procurement follows Oman’s successful track record of delivering renewable energy projects through competitive IPP frameworks. Previous solar and wind projects in the country have achieved some of the lowest tariffs globally demonstrating the effectiveness of the procurement approach.

The 3 GW solar initiative represents one of the largest renewable energy programs currently planned in the Gulf Cooperation Council region. Its successful implementation will position Oman as a regional leader in clean energy transition and provide a model for other countries pursuing similar decarbonization objectives.