Nama Holding and State Grid Sign 1 GW BESS Deal Valued at $1 Billion in Oman

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Nama Holding and State Grid Sign 1 GW BESS Deal Valued at $1 Billion in Oman

Updated on Nov 04, 2026, 12:10 AM IST
Written & Edited by Harikesh VA

Oman's Nama Holding has signed a cooperation agreement with China's State Grid International Development for two battery energy storage projects in Duqm and Ibri with a combined capacity of 1 gigawatt, the Omani company said.

 

The agreement was signed in Beijing in the presence of His Majesty Sultan Haitham bin Tarik on the sidelines of the Oman-China investment forum. Nama said the framework agreement builds on cooperation between the two companies on the projects, which are being implemented in Duqm and Ibri.

Grid Connection and Technical Scope

Both facilities will be connected to Oman's electricity transmission network at a voltage of 400 kilovolts.

 

Battery storage allows electricity to be stored for use when needed, helping grid operators manage fluctuations in supply from renewable sources such as solar and wind.

 

Stated Objectives of the Projects

The projects are intended to strengthen grid stability and reliability, improve operational efficiency, and support the integration of renewable energy into the national electricity system, the company said.

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Alignment with National Strategy

Nama said the projects align with Oman Vision 2040 and the country's transition towards clean energy.

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