ACWA Power and Mitsui & Co announced that they had won a contract from Oman's government to build and operate a $630 million, 445 megawatt natural gas-fired power plant at the city of Raysut. The contract was won along with Dhofar International Development and Investment Holding Co, which will take 10% of the project. The companies will each take 45%.

The partners will sell electricity to Oman under a 15-year agreement with the new plant to be operational in January 2018. As part of the deal, the consortium will acquire Dhofar Generating Co.