Doosan Enerbility has secured a contract worth about $683 million to build the 1,700 megawatt Misfah combined cycle gas power plant in Oman.
The award extends an impressive sequence of major Middle East power projects for the South Korean equipment and engineering company.
Announced on Aug. 21, the engineering, procurement and construction contract is valued at approximately 930 billion won.
Misfah will rank among the most consequential additions to Oman's dispatchable generation fleet as the country expands renewable capacity while protecting grid reliability.
Doosan Enerbility will deliver the project through a consortium formed with power plant construction specialist SEPCO-3.
The partners will execute the engineering, procurement and construction scope on a turnkey basis.
The arrangement gives Doosan a role extending well beyond construction management.
It will directly manufacture and supply critical generating equipment, including the steam turbine and generator, allowing the company to capture value from both project execution and major hardware.
Jabel Power SAOC is the project company behind the development. Its shareholder consortium is led by Qatar's Nebras Power and includes Emirates Utilities Development Company of the United Arab Emirates, along with Oman's Bahwan Infrastructure Services.
Emirates Utilities Development Company operates as a development and investment subsidiary of Etihad Water and Electricity.
That multinational ownership structure brings together Gulf capital, utility expertise and Omani infrastructure experience for one of the country's largest planned power developments.
The Misfah facility will be constructed roughly 20 kilometers west of Muscat. Full commercial operation is scheduled for April 2029, while Nama Power and Water Procurement expects 1,203 megawatts of early generating capacity to enter service during the first quarter of 2028.
"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."
Contract disclosures value the agreement at 928.14 billion South Korean won, divided between payments of $284.25 million and €323.35 million.
The disclosed execution period runs from Aug. 20, 2026, through the scheduled commercial operation date in April 2029.
The award represents approximately 5.4 percent of Doosan Enerbility's consolidated revenue for 2025.
Its scale gives the company a substantial order book contribution while reinforcing its position in the fiercely contested Gulf market for combined cycle construction and equipment.
Misfah is advancing alongside the 877 megawatt Duqm Independent Power Project, another Omani development awarded to the Doosan and SEPCO 3 consortium. Both projects are intended to provide dependable gas fired generation as Oman integrates a growing base of renewable energy resources.
The latest award continues a remarkable run that began with a Qatar peaking unit project in February 2025. Doosan followed that contract with the Rumah 1, Nairyah 1 and PP12 gas fired power plants in Saudi Arabia during March 2025.
In June 2025, the company added the O Mon 4 project in Vietnam, valued at roughly 900 billion won. Doosan then returned its attention to Oman, securing the Duqm development before adding the much larger Misfah contract.
These consecutive awards reveal a strategy built around serving as both the construction contractor and a direct supplier of essential plant equipment.
That dual position can improve project coordination while allowing Doosan to earn revenue from construction, steam turbine production and generator manufacturing.
The timing is favorable as Gulf utilities pursue dispatchable capacity to support industrial expansion, population growth and rising data center electricity demand.
For Doosan, the central challenge will be maintaining execution discipline across a rapidly expanding portfolio while competitors pursue the same regional opportunities.
Misfah and Duqm are both expected to reach commercial operation by 2029, creating a demanding delivery schedule for their consortium.
Their progress will help determine whether Doosan's surge becomes a durable Gulf leadership position or remains a powerful but temporary advantage in the next procurement cycle.
