Al Suwadi Power Company SAOG — Cyborg Score 7/10

Solid
Independent Power Generation / Utilities

Strategic Profile

The company operates under a well-established long-term contractual framework with OPWP as its single buyer, providing revenue stability and predictable cash flows. Its strategic positioning benefits from Oman's growing power demand and its essential role in the country's energy security and development objectives.

Cyborg Score Rationale

Al Suwadi operates a critical infrastructure asset with stable, contracted revenues from a government offtaker. The company benefits from predictable demand and established contractual frameworks, though exposure is concentrated to a single buyer and dependent on Oman's economic and regulatory environment.

Top Insights

  • 745 MW capacity plant represents significant portion of Oman's national power grid, providing strategic importance
  • Revenue of $226M (TTM) with stable contracted power purchases from OPWP creates predictable cash flows
  • Listed on Muscat Securities Market since 2014 with market cap of approximately $134M as of mid-2025
  • Critical infrastructure asset with long-term contractual framework provides regulatory and demand certainty

Named Competitors

  • Barka 1 and 2 — Competing power generation facilities on Oman's MIS
  • Renewable energy projects — Emerging alternatives in Oman's energy transition

Recent Developments

  • (2014) Listed on Muscat Securities Market
  • (2013) Barka 3 power plant commenced commercial operations
  • (2010) Company established and construction began

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