OQAE launches Oman's first large-scale SuperESCO project

14/10/2025 05:15 AST

OQ Alternative Energy (OQAE), a subsidiary of OQ, has announced the launch of Oman's first large-scale SuperESCO project aimed at enhancing energy efficiency and supporting the country's Net Zero 2050 targets.

Under the SuperESCO model, OQAE will implement comprehensive energy efficiency upgrades at OQ Refineries & Petroleum Industries (OQRPI) facilities. The initiative includes equipment replacement, system optimisation, and operational improvements designed to generate annual savings of 22.5 GWh and reduce CO² emissions by 9.4 kilotons.

Ghalib al Maamari, Acting CEO of OQAE, said the project marks a turning point for energy efficiency in Oman. "By introducing a scalable SuperESCO model that funds itself through guaranteed performance, we are setting a national benchmark for industrial decarbonisation," he said, and added, "We are leveraging our in-house expertise to lay the foundation for a national pipeline of such initiatives, firmly positioning Oman as a regional leader in sustainable energy."

As the sole developer, investor, and project manager, OQAE will oversee the full project lifecycle - from feasibility studies and tendering to contractor selection, implementation, and performance verification - ensuring best-in-class technical delivery and guaranteed outcomes.

The SuperESCO model enables industrial entities to achieve significant energy efficiency improvements without upfront capital expenditure, offering verified financial and environmental returns.

The project is expected to be completed within twelve months, followed by a performance verification phase. OQAE said the initiative reinforces its commitment to accelerating Oman's transition towards a sustainable, low-carbon economy while improving competitiveness across the industrial sector.

Muscat Daily