The $3 billion low-carbon steel project being developed by Jindal Steel in Duqm Special Economic Zone has moved into the equipment installation stage following the arrival of a key reactor at the Port of Duqm, marking a major construction milestone for one of the region’s largest green steel investments.
Singapore-headquartered Meranti Green Steel has announced that it has secured full offtake coverage for the first module of its green Hot Briquetted Iron (HBI) production from its new iron plant within the Duqm Special Economic Zone in Oman, thus marking a key commercial milestone for the project.
Korea Western Power has secured a major contract to build and operate a gas-fired combined-cycle power plant being set up at an investment of 1.3 trillion won ($898 million) at Duqm in Oman. Set for 2029 completion, the 877MW facility is being implemented on a BOO model.
Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) signed a usufruct agreement with Mawarid Turbine to establish a wind turbine manufacturing and assembly plant in the Special Economic Zone at Duqm (SEZAD), alongside two additional agreements to install six wind turbines to generate power required to operate the plant.
Etihad Water and Electricity has announced that it is part of two consortiums that have been awarded the contracts to develop 2.6GW power plants in Oman. These plants, which will be using combined cycle gas turbine technology, will be set up at a total investment of RO1 billion ($2.6 billion).
Etihad Water and Electricity (EtihadWE) announced its participation in the consortiums developing the Misfah and Duqm power generation projects in Oman.
