Doosan Enerbility Wins $683M EPC Deal for Oman's Misfah Plant

Doosan Enerbility said Aug. 21 it has signed a contract worth approximately 930 billion won (about $683 million) to build the 1,700-megawatt Misfah combined-cycle gas power plant in Oman, extending a run of Middle East combined-cycle wins for the South Korean equipment maker.¹

Scope of the Contract

Doosan Enerbility has formed a consortium with SEPCO-3, a power plant construction specialist, to handle the engineering, procurement and construction (EPC) of the Misfah plant on a turnkey basis. Doosan will also directly manufacture and supply the plant's core equipment, including the steam turbine and generator.¹

The client is a consortium led by Qatar's Nebras Power, alongside the UAE's Emirates Utilities Development Company — a development and investment subsidiary of Etihad Water and Electricity — and Oman's Bahwan Infrastructure Services. The plant will sit roughly 20 kilometers west of Muscat and is targeted for completion in April 2029.¹

"Our successful project execution and differentiated strategy in neighboring Middle Eastern countries such as Saudi Arabia and Qatar have led to this contract award," said Hyeonho Lee, CEO of Doosan Enerbility's Plant EPC Business Group. "We will work with our partners to build a world-class power plant and contribute to stabilizing electricity supply in Oman."¹

A Second Oman Award, on a Tight Schedule

The contract, signed with project company Jabel Power SAOC, is valued at 928.14 billion South Korean won — split between $284.25 million and €323.35 million — and runs from Aug. 20, 2026 through the plant's scheduled April 2029 commercial operation date. The award represents about 5.4% of Doosan's consolidated 2025 revenue.²

Misfah is being developed alongside the 877-megawatt Duqm Independent Power Project, also won by the Doosan/SEPCO-3 consortium, as Oman adds new gas-fired capacity to back up an expanding renewable-generation base. Nama Power and Water Procurement, the offtaker for both plants, has said 1,203 megawatts of early power from Misfah is due online in the first quarter of 2028, ahead of full commercial operation the following year.²

Extending a Combined-Cycle Streak

The Misfah win continues a run of Middle East combined-cycle contracts for Doosan Enerbility that started with a Qatar peaking-unit project in February 2025 and continued through the Rumah 1, Nairyah 1 and PP12 gas-fired plants in Saudi Arabia that March. In June 2025, the company added the roughly 900-billion-won O Mon 4 project in Vietnam before turning back to Oman for the Duqm and now Misfah awards.¹

The back-to-back Gulf wins point to Doosan positioning itself as both EPC contractor and direct equipment supplier on combined-cycle gas projects — a dual role that lets it capture margin on both construction and the steam turbine and generator hardware inside the plant. With Nama PWP's Duqm and Misfah plants both targeting commercial operation by 2029, the near-term question for the region's gas turbine and EPC market is whether the current pace of Gulf combined-cycle tendering continues into the next procurement cycle, or whether Doosan's recent run represents a temporary lead over rivals also chasing the same data-center-driven demand for dispatchable power.

References
1. Doosan Enerbility Wins Contract to Build Misfah Combined Cycle Power Plant in Oman. Doosan Enerbility; Aug. 21, 2026.
2. South Korea's Doosan wins major EPC contract for Misfah power project. Oman Observer; Aug. 21, 2026. Accessed Aug. 26, 2026. https://www.omanobserver.om/article/1194837/business/energy/south-koreas-doosan-wins-major-epc-contract-for-misfah-power-project