Asset Manager (Power Generation)

Terracotta Outsourcing; Abu Dhabi; On-site; AED 480,000 - 760,000; Full time

Job summary

Terracotta Outsourcing is seeking an experienced Asset Manager for a major gas-fired power generation project in Abu Dhabi. The role focuses on commercial, financial, operational and governance oversight from owner/shareholder perspective as the asset transitions from construction into operations.

You will work with project delivery, legal, HSE and finance teams, manage contracts (PPA/PWPA), review financial models and monthly performance reports, and coordinate with external stakeholders to

Qualifications

• Bachelor's degree in Engineering, Finance, Economics, or related discipline.
• 8+ years in utilities or power generation.
• Experience with IPP/IWPP structures and project contracts.
• Strong commercial and contract management capabilities.
• Excellent English communication skills.
• Available to join within one month.

Responsibilities

• Act as owner/shareholder representative for the asset.
• Monitor commercial, financial, operational, HSE and project performance.
• Prepare monthly asset performance reports for senior management.
• Review progress against budgets, milestones, and KPIs.
• Maintain understanding of PPA/PWPA and major project contracts.
• Review financial models and link assumptions to cash flow and budgets.
• Support the transition from construction to operations.
• Coordinate with internal functions and external stakeholders.
• Provide reporting and recommendations to support decision-making.

Skills

Asset management

Power generation

IPPs/IWPP

PPA/PWPA

Stakeholder management

Financial analysis

Contract management

English communication

Education

Bachelor's degree in Engineering/Finance/Economics

Job description

At Terracotta - Driving Business Growth in Recruitment, Outsourcing & Corporate Services

We are a leading outsourcing company in the UAE, delivering recruitment, manpower, visa outsourcing, EOR/PEO, business setup, PRO services, and corporate solutions across the region.

We are currently in search for an Asset Manager(Power Generation) to support a major gas-fired power generation project in Abu Dhabi. This role is ideal for an experienced power/utility asset management professional with strong commercial, contractual, financial, and stakeholder management capabilities, ideally with exposure to IPP/IWPP projects and PPA/PWPA frameworks.

Contract: 12-Month Interim Assignment | Potential Extension

Work Arrangement: Fully In Office

Industry: Power Generation / Utilities / Energy Infrastructure

About the Opportunity

Terracotta is supporting a leading UAE energy organization in the appointment of an experienced Asset Manager for a major gas-fired power generation project currently under construction.

Acting as the owner/shareholder representative, the Asset Manager will oversee the asset from a commercial, financial, operational and governance perspective, supporting its continued development and eventual transition from construction into operations.

This is a hands-on role requiring a strong understanding of IPP/IWPP structures, power project contracts, asset performance and stakeholder management.

Key Responsibilities

• Act as the owner/shareholder representative for the assigned power generation asset.
• Monitor overall commercial, financial, operational, HSE and project performance.
• Consolidate and prepare monthly asset performance reports for senior management.
• Review project progress against budgets, contractual obligations, milestones and key performance indicators.
• Maintain a strong understanding of key project agreements, including PPA/PWPA and other project contracts.
• Review financial models and connect key assumptions to cash flow, financial statements, budgets and overall asset performance.
• Support the transition of the asset from construction and commissioning into operations.
• Monitor key risks, contractual obligations and mitigation actions.
• Support the onboarding and mobilization of the O&M organization, including outstanding policies, procedures and operational requirements.
• Coordinate with internal functions including Project Delivery, Finance, Legal, HSE and other technical teams.
• Work closely with operating companies, project partners, contractors and other external stakeholders.
• Provide clear reporting, analysis and recommendations to support management and shareholder decision-making

These areas closely reflect the formal Asset Manager mandate, which includes business planning, financial analysis, construction-to-operations transition, contract oversight, monthly operational/financial reviews and risk management.

Candidate Requirements

• Bachelor's degree in Engineering (Electrical, Mechanical or Civil), Finance, Economics, or a related discipline.
• Minimum 8 years of relevant experience within utilities, power generation, energy infrastructure and/or construction.
• Strong asset management experience within the power or utilities sector.
• Strong preference for candidates with IPP/IWPP experience and an understanding of the commercial and contractual structure of power generation projects
• Good knowledge of PPA/PWPA arrangements and major project agreements
• Strong commercial and contract management capability
• Ability to interpret financial models and understand their relationship to cash flow, budgets and financial performance
• Experience managing multiple internal and external stakeholders
• Developer, owner or shareholder-side experience is preferred but not mandatory
• Gas-fired/conventional power experience is strongly preferred; relevant experience across other generation technologies may also be considered
• Strong written and verbal English communication skills
• Candidates must be available to join within a maximum of one month