Tuva Power Private Ltd of India and Musandam Global Investment Co. SAOC (MGIC) of Oman have signed a memorandum of understanding to jointly explore energy storage opportunities in Oman and the wider GCC region, as demand grows for grid-scale solutions that support renewable energy integration and power system reliability.
The agreement, signed in Muscat by Karthik Ramachandran, Managing Director of Tuva Power, and Abdul Razzaq Bin Wahid Al Balushi, Chief Executive Officer of Musandam Global Investment Co. SAOC, establishes a framework for collaboration across utility-scale and commercial energy storage projects.
Under the MoU, Tuva Power will contribute its expertise in battery energy storage engineering and project delivery, while MGIC will provide local market access, coordination and investment support in Oman. The partnership is expected to focus on projects that address grid flexibility requirements as renewable capacity expands, as well as applications such as peak shaving, backup power and power quality improvement for commercial and industrial users.
Energy storage is increasingly being deployed alongside solar and wind projects to stabilise grids and improve renewable energy utilisation. In Oman, storage is emerging as a key enabler as the country strengthens its clean-energy pipeline and modernises its power infrastructure.
The companies said the MoU enables structured engagement, including joint project evaluation and opportunity development, with the aim of translating near-term market opportunities into bankable and deliverable projects. While specific project announcements are expected in due course, both parties indicated that the collaboration is intended to support Oman’s evolving energy landscape and create a platform for potential expansion across the GCC region.
