In the Dukum Special Economic Zone on the coast of the Gulf of Oman, a previously silent desert is about to undergo a great transformation. With the official signing of a $385 million EPC general contract, the consortium formed by SEPCOIII and Doosan Energy in South Korea has defeated numerous competitors and won the dominant position in this future energy landmark. This is not only a contract in the company announcement, but also another milestone for China's technological strength to penetrate the high-end electricity market in the Gulf.

Division of labor and collaboration within the consortium

The full name of the project signed this time is Dukum Independent Gas Power Plant (IPP). According to the disclosed information, the project is jointly developed by a consortium of local enterprises from South Korea, Qatar, the United Arab Emirates, and Oman, with a total investment of up to 910 million US dollars. Within the consortium, SEPCOIII, with its outstanding overseas construction qualifications, is mainly responsible for the core EPC (Design, Procurement, Construction) general contracting business, which is also the core competitiveness of Chinese engineering enterprises going global. However, Doosan Energy in South Korea focuses on providing key unit supporting services. This model of strong cooperation between China and foreign countries not only shares the risk of project performance, but also effectively compresses the construction period with the efficient execution of Chinese enterprises.

Essential needs for energy transformation

Why does Oman urgently need such a power station? In recent years, Oman has been vigorously promoting its national energy transformation plan, attempting to change the situation of relying solely on fuel power generation in the past. Although the local area is vigorously developing new energy sources such as wind power and photovoltaics, the output of these clean energy sources fluctuates greatly, and stable power sources must be used as peak shaving support. The Dukum Gas Combined Cycle Power Plant was born for this purpose. The project adopts Siemens SGT5-4000F gas turbine, with a total installed capacity of 890 MW and a net output of 876 MW. After completion, it will effectively replace local high energy consuming and high cost fuel units, become a strong support for the integration of wind and solar new energy, and ensure the stability of the power grid.keywords:Domestic new energy latest news，Foreign construction news network

Deeply cultivate the Gulf market

The project is located in the Dukum Economic Zone, covering an area of 210000 square meters, and is scheduled to be completed in 2029. As the industrial core area of Oman, the industrial electricity load in Dukum is continuously increasing. It is worth noting that the project adopts the internationally recognized BOO (Build Own Operate) model and is accompanied by a 20-year long-term power purchase agreement (PPA) signed with Nama Electricity and Water Procurement Company in Oman. This business model of IPP combined with long-term PPA ensures stable cash flow for the project in the next twenty years, greatly enhancing the confidence of foreign investment. For SEPCOIII, this is not only an order, but also a solid step for SEPCOIII to further develop the Middle East energy track under the the Belt and Road Initiative, further consolidating the dominant position of Chinese enterprises in the global power engineering field.Editor/Yang Meiling