Omani state firm Nama Holding, responsible for electricity and water services, signed a framework agreement with the State Grid Corporation of China (SGCC) to develop 1GW of battery energy storage systems (BESS) in Duqm and Ibri in Oman. The deal aims to enhance electricity grid stability and reliability. Oman plans to develop 1.9GW/7.4GWh of BESS capacity across eight facilities by 2030 (MEES, 3 July).
The BESS deal was signed as part of a two-day state visit to China by Oman’s Sultan Haitham Al-Said on 1-2 November, the first ever by an Omani head of state. At least fourteen other bilateral agreements were signed, including a currency swap agreement between the Central Bank of Oman and the People’s Bank of China. (CONTINUED - 121 WORDS)