Latest news with #NajlaZuhairalJamali
Muscat Daily
18-05-2025
- Business
- Muscat Daily
Jindal Renewables and OQAE sign JDA to advance integrated renewable power projects
Muscat – In a landmark move to accelerate Oman's transition to clean energy, Jindal Renewables, part of the $25 billion India-based Jindal Group, and OQ Alternative Energy (OQAE), the Sultanate's designated national champion for renewable energy, have signed a Joint Development Agreement (JDA) to collaborate on the development, ownership, and operation of large-scale renewable energy assets in the country. The agreement was formally signed by Harssha Shetty, CEO of Jindal Oman, and Najla Zuhair al Jamali, CEO of OQ Alternative Energy, at a ceremony held in Muscat during Oman Sustainability Week. This strategic partnership marks a significant milestone in supporting the goals of Oman Vision 2040, the national roadmap for economic diversification, sustainability, and green industrialisation. Both companies expressed their deep gratitude to His Majesty Sultan Haitham bin Tarik for his visionary leadership in guiding Oman's transition toward a knowledge-based, low-carbon economy. The partnership reaffirms their commitment to contributing meaningfully to His Majesty's vision of a more sustainable and prosperous Oman. Under the JDA, both companies will co-develop Integrated Energy Valleys (IEVs) — a flagship configuration pioneered by Jindal Renewables — to deliver 24×7 firm, dispatchable renewable power by combining solar, wind, and advanced energy storage technologies. As part of its future roadmap, Jindal Renewables plans to develop the first Integrated Energy Valley (IEV) in Oman to deliver renewable power to a 5 MTPA green steel plant proposed by Jindal Steel Duqm, a sister concern of Jindal Renewables. Additionally, a separate IEV is planned to supply 300 MW of continuous clean power to the operational 2.4 MTPA Jindal steel plant in Sohar, enabling the decarbonisation of Jindal's existing industrial footprint in the Sultanate. Harssha Shetty, CEO of Jindal Oman, said, 'This agreement is a powerful endorsement of our shared commitment to decarbonising heavy industries and creating scalable, resilient clean energy ecosystems. Together with OQAE, we aim to make Oman a leading player in the global green energy value chain.' Najla Zuhair al Jamali, Chief Executive, OQ Alternative Energy, commented, 'This agreement underscores OQAE's commitment to accelerating investable, utility-scale renewable energy projects that align with Oman's long-term decarbonisation agenda. By enabling clean power for strategic industries, we are not only supporting economic diversification under Vision 2040, but also creating tangible opportunities for sustainable investment and value creation in the region's energy transition.' Jindal Renewables is committed to fostering diversity, inclusivity, and in-country value, and brings deep capabilities in project development, finance, execution, and asset management to the partnership.
Muscat Daily
17-05-2025
- Business
- Muscat Daily
Jindal Renewables, OQAE sign deal for large-scale renewable projects in Oman
Muscat – Jindal Renewables, part of the $25bn India-based Jindal Group, and OQ Alternative Energy (OQAE), the sultanate's designated national champion for renewable energy, have signed a Joint Development Agreement (JDA) to collaborate on the development, ownership, and operation of large-scale renewable energy assets in Oman. The agreement was formally signed by Harssha Shetty, CEO of Jindal Oman, and Najla Zuhair al Jamali, CEO of OQ Alternative Energy, at a ceremony held in Muscat during Oman Sustainability Week. This strategic partnership marks a significant milestone in supporting the goals of Oman Vision 2040, the national roadmap for economic diversification, sustainability, and green industrialisation. In a press statement, both companies expressed their deep gratitude to His Majesty Sultan Haitham bin Tarik for his visionary leadership in guiding Oman's transition toward a knowledge-based, low-carbon economy. The partnership reaffirms their commitment to contributing meaningfully to His Majesty's vision of a more sustainable and prosperous Oman. Under the JDA, both companies will co-develop Integrated Energy Valleys (IEVs) – a flagship configuration pioneered by Jindal Renewables – to deliver 24×7 firm, dispatchable renewable power by combining solar, wind, and advanced energy storage technologies. As part of its future roadmap, Jindal Renewables plans to develop the first Integrated Energy Valley (IEV) in Oman to deliver renewable power to a 5 MTPA green steel plant proposed by Jindal Steel Duqm, a sister concern of Jindal Renewables. Additionally, a separate IEV is planned to supply 300 MW of continuous clean power to the operational 2.4 MTPA Jindal Steel plant in Sohar, enabling the decarbonisation of Jindal's existing industrial footprint in the dultanate. Harssha Shetty said, 'This agreement is a powerful endorsement of our shared commitment to decarbonising heavy industries and creating scalable, resilient clean energy ecosystems. Together with OQAE, we aim to make Oman a leading player in the global green energy value chain.' Najla Zuhair al Jamali said, 'This agreement underscores OQAE's commitment to accelerating investable, utility-scale renewable energy projects that align with Oman's long-term decarbonisation agenda. By enabling clean power for strategic industries, we are not only supporting economic diversification under Vision 2040, but also creating tangible opportunities for sustainable investment and value creation in the region's energy transition.' Formerly known as Vulcan Green Energy, Jindal Renewables is the clean energy arm of the Jindal Steel. It is focused on developing utility-scale renewable energy projects to power green manufacturing and support industrial decarbonisation, with special emphasis on energy storage and integrated solutions like the IEV.
Observer
13-05-2025
- Business
- Observer
Vale, OQAE join forces to power Oman operations with renewables
MUSCAT: Global mining giant Vale has signed a Head of Agreement (HOA) with OQ Alternative Energy (OQAE) to accelerate the decarbonisation of its operations in Oman. The agreement, signed during Oman Sustainability Week, sets the stage for developing renewable energy solutions to power Vale's pelletising plant in Sohar Port and support future energy needs of the Green Metallic Mega Hub planned in Duqm. The partnership aims to integrate clean energy into Vale's industrial operations through collaboration on energy supply, land coordination, and long-term planning. The agreement is expected to drive the shift toward renewable energy while laying the foundation for sustainable industrial development in Oman. 'Achieving large-scale decarbonisation requires more than ambition — it demands strong partnerships and robust infrastructure,' said Saleh Al Muslahi, Chief Executive of Mega Hubs–Middle East and North Africa at Vale. 'Through this agreement with OQAE, we are aligning on key elements such as demand aggregation and long-term supply models to transition Sohar operations and unlock Duqm's green potential.' Najla Zuhair al Jamali, CEO of OQ Alternative Energy, emphasized the broader significance of the collaboration. 'This partnership reflects OQAE's mission to support the industrial sector's shift to clean energy. Beyond reducing emissions at a single site, we are helping create a new blueprint for renewable-powered industrial development in Oman.' Vale has committed to transitioning its Sohar pelletising plant to 100% renewable electricity by 2030. The company is also developing a major industrial complex in Duqm to produce high-quality agglomerated iron ore products that support low-carbon steelmaking for both domestic and international markets. This partnership underscores Vale's global strategy to reduce its environmental impact and foster sustainable growth through cleaner technologies and operational efficiency.
Muscat Daily
13-05-2025
- Business
- Muscat Daily
Vale signs deal with OQAE to advance decarbonisation of its Oman operations
Muscat – As part of its strategy to decarbonise its operations in Oman and transition its industrial energy use to renewable sources, Vale in Oman has signed a Head of Agreement (HOA) with OQ Alternative Energy (OQAE) during Oman Sustainability Week. The agreement establishes a framework for developing renewable energy solutions to power Vale's pelletising plant in Sohar Port as well as support future energy needs for the upcoming Green Metallic Mega Hub in Duqm. The agreement outlines the direction for future project development by establishing clear areas of cooperation related to energy supply, land coordination and long-term planning, all aimed at enabling the integration of renewable energy into Vale's operations. Saleh al Muslahi, Chief Executive of Mega Hubs-Middle East and North Africa, said, 'Achieving large-scale decarbonisation demands more than ambitions, it requires strategic planning, strong partnerships, and reliable access to sustainable energy. Our agreement with OQAE embodies this approach. By aligning on demand aggregation, infrastructure readiness, and long-term supply models, we are creating the critical conditions to advance our transition in Sohar and unlock the potential of our future mega hub in Duqm.' Najla Zuhair al Jamali, Chief Executive of OQ Alternative Energy said, 'Our collaboration with Vale reflects OQAE's commitment to enabling the industrial sector's transition to clean energy. This agreement goes beyond decarbonizing a single site – it lays the foundation for a new model of sustainable industrial development in Oman, powered by renewables. Together, we are shaping a future where energy innovation drives national growth and global climate progress.' Vale's ambition is to help decarbonise the mining industry and support the transition to net-zero steelmaking in the long term. Stemming from its belief that energy transition is a great growth engine, the company has made public commitments to reduce its environmental footprint by investing in cleaner technologies, improving operational efficiency, and adopting advanced emissions control systems. In Oman, this ambition is being translated into action through the company's commitment to transition its pelletizing plant in Sohar to 100% renewable electricity by 2030 as well as the establishment of a large-scale industrial complex in Duqm designed to produce high-quality agglomerated products that enable lower-carbon steel production for both local and global markets.
Muscat Daily
12-05-2025
- Business
- Muscat Daily
OQ inks renewable energy pacts worth $2bn
Muscat – Global energy investment group OQ signed 13 renewable energy agreements worth over US$2bn during Oman Sustainability Week 2025 on Monday, marking a significant step in its efforts to support the sultanate's net zero goals for 2050. The agreements, signed by Ashraf bin Hamad al Mamari, CEO of OQ Group, and Najla Zuhair al Jamali, CEO of OQ Alternative Energy (OQAE), involve project development partnerships, financing arrangements with local banks and equipment supply contracts to accelerate clean energy projects. 'These agreements mark a strategic advancement in OQ's renewable energy leadership and reflect our unwavering support for Oman's 2050 net zero goals,' Mamari said. 'Recognising clean and sustainable sources as the future of energy, we're collaborating with national and international partners to establish new investment opportunities in clean energy infrastructure.' The deals cover major projects including high-capacity solar and wind installations in Suhar and Duqm, such as the Riyah-1 and Riyah-2 plants and the North Oman Solar Project. These facilities will supply clean power to the national grid and oil and gas production sites under long-term offtake agreements, significantly reducing carbon emissions. As part of its broader decarbonisation strategy, OQ also signed a deal with Japan's Mitsubishi Heavy Industries to conduct pre-feasibility studies for carbon capture technologies across its assets in Oman. The partnership will assess the full CO₂ value cha-in, from capture and transport to utilisation and storage, to build commercially viable business cases. The agreements extend to major industrial clients including Jindal, Vale Oman, Oxy and United Solar Polysilicon, ensuring secure renewable power supply as they transition to more sustainable operations. The deals also emphasise industrial localisation, with a focus on boosting in-country value through partnerships like one with Voltamp for local transformer manufacturing, supporting Oman's goal to become a regional clean energy hub. OQAE's Najla said, 'These agreements operationalise our strategy to promote renewable energy and accelerate the transition to a low-emission economy. These partnerships demonstrate international confidence in OQ's capabilities and investment framework as we expand our portfolio of high-quality projects.'
