EDF secures $4 billion contract for energy storage plant in Oman

French electricity giant EDF has signed a significant $4 billion contract to develop and operate Oman's first pumped-storage energy station. The agreement marks a major step in enhancing energy storage capabilities within the sultanate.

The project involves the construction and operation of the facility at the Wadi Daysat dam, located approximately 90 kilometers south of Muscat. This new station is designed to store up to 2 gigawatts (GW) of energy, a crucial capacity for grid stability and renewable energy integration.

The contract was finalized during a state visit to France by Oman's Sultan Haitham bin Tarik, highlighting the diplomatic and economic significance of the deal. The collaboration underscores the growing international interest in advanced energy storage solutions.

This development positions EDF as a key player in Oman's energy infrastructure expansion and demonstrates the sultanate's commitment to modernizing its power systems.