Phoenix Power Company SAOG Overview
Pro stress-test →Phoenix Power Company owns and operates the Sur Independent Power Plant, Oman's largest power facility with 2,000 MW capacity, contributing approximately 21% of Oman's total contracted power capacity. The company was established through an Independent Power Project (IPP) initiated by Oman Power and Water Procurement Company in 2011.
Strategic Profile
Pro stress-test →The company derives revenue from capacity charges, electrical energy charges, and fuel charges across a single power generation segment. With the plant in full commercial operation since December 2014, Phoenix Power is key to the Sultanate's power infrastructure.
Competitive Landscape
Pro stress-test →The Sur plant operates in a strategic industrial corridor between Oman LNG terminal and Oman India Fertilizer Company. As an Independent Power Producer under a long-term power purchase agreement with Oman Power and Water Procurement Company, Phoenix Power operates in a regulated utility environment with limited direct competition but exposure to broader GCC regional power dynamics.
Industry Context
Phoenix Power Company SAOG operates in Independent Power Producers and Energy Traders / Utilities.
Key facts
Founded: 2011 · Headquarters: Muscat, Oman · Revenue: $453M (TTM Sep 2025) · Market cap: $626M (as of Feb 2026)