Borsat Al Khaleej Live Support
06/10/2025 04:40 AST
Sembcorp Industries (Sembcorp) has announced that its key subsidiary, Sembcorp Salalah Power & Water Company (SSPWC), has secured a new 10-year power and water purchase agreement (PWPA) from Nama Power and Water Procurement Company (Nama PWP).
Headquartered in Singapore, Sembcorp is a leading energy and urban solutions provider, led by its purpose to drive energy transition. It has a balanced energy portfolio of 27GW, including 18.9GW of gross renewable energy capacity, across 11 countries.
The new agreement will commence from April 4, 2027, following the expiry of the current 15-year PWPA, said the company in a statement.
Under the new purchase deal, the contracted capacity of the Salalah Independent Water and Power Plant is 465MW of power per hour and 15 million imperial gallons (68,190 cu m) of water per day.
The Omani plant, which is developed, owned and operated by SSPWC, comprises a gas-fired combined cycle power plant and a reverse osmosis seawater desalination plant.
The contract award ensures continued offtake under mutually agreed commercial terms and reinforces the strategic partnership between SSPWC and Nama PWP.
It also strengthens long-term revenue visibility and supports operational sustainability.
With a portfolio of over 1.0GW of energy assets in Oman, comprising gas and renewables, Sembcorp is well-positioned to advance its long-term growth plans in the sultanate, it added.
Trade Arabia
05/05/2025
Following its earlier announcements on March 13, 2023 and December 30, 2024, Sembcorp Utilities Pte Ltd, a wholly-owned subsidiary of Sembcorp Industries (Sembcorp), announces the start of commercial
Times of Oman
| Ticker | Price | Volume |
|---|
18/06/2026
National Bank of Bahrain (NBB) acted as Joint Lead Manager and Bookrunner in Bahrain's successful $1 billion 10-year international bond issuance.
The bank's involvement reinforces its role
Trade Arabia
18/06/2026
As part of its firm commitment to providing a seamless and comprehensive digital banking experience, and its continuous dedication to rewarding its customers and delivering added value that meets the
Kuwait Times
17/06/2026
Al Mohafaza Company for Education has announced the rescheduling of an interest-free loan obtained earlier this year from Maroum Drilling Medical Services Company, a related party. The loan, valued a
Gulfbase
17/06/2026
Dar Al Majed Real Estate Company, known commercially as Al Majdiah, has announced the official opening of its new sales center in Jeddah. The facility is strategically located on King Abdulaziz Road
Gulfbase
17/06/2026
THE National Bank of Bahrain (NBB) has launched its Summer Cashback Campaign, offering credit cardholders the opportunity to maximise their international spending during the peak vacation season.
GDN Online