Oman and China sign $1 bn framework for 1 GW Duqm‑Ibri battery storage project
Full story
Nama Holding and State Grid International Development signed a 1 billion dollar framework. The agreement involves building two 500 megawatt battery energy storage systems in Duqm and Ibri. This project aims to improve grid reliability and help Oman reach its renewable energy goals.
Nama Holding and State Grid International Development have sealed a $1 billion framework to build two 500 MW battery energy storage systems at Duqm and Ibri, bolstering Oman’s grid reliability and renewable targets.