Musandam Power Company SAOG Overview
Pro stress-test →Musandam Power Company SAOG operates a dual fuel power plant with a capacity of 120 Mega Watt located in Wilayat Bukha, with natural gas as the primary fuel and diesel oil as the alternative fuel. The company is the owner of the first independent power plant in the Musandam region of the Sultanate of Oman. It sells its electrical energy generated to Oman Power and Water Procurement Company SAOC.
Strategic Profile
Pro stress-test →The company is owned by OQ (69.9%), OETCL (0.1%), and LGI (30%), with a contracted power capacity of 120 MW that currently contributes a significant proportion of Oman's total MIS capacity. The power produced from the plant is fully contracted to OPWP pursuant to a long-term Power Purchase Agreement and meets the growing power demand of the Musandam Governorate.
Competitive Landscape
Pro stress-test →Musandam Power operates in Oman's regulated utility sector with limited direct competition. Unlike other power plants in Oman which are based on gas turbines, the plant is based on reciprocating engine technology. The company competes with state-owned generation entities but enjoys a protected position as the primary independent power supplier to the Musandam Governorate through its long-term PPA with OPWP.
Industry Context
Musandam Power Company SAOG operates in Electric Utilities - Independent Power Production.
Key facts
Founded: 2014 · Headquarters: Muscat, Oman · Revenue: ~OMR 19.8M (2025 annualized) · Market cap: $54.4M