Asset Manager – Power Generation (12‑Month Interim)

About the role

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 development and transition into operations.

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 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 onboarding and mobilization of the O&M organization, including policies, procedures and operational requirements.
• Coordinate with internal functions such as Project Delivery, Finance, Legal, HSE and 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.

Required profile

• 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.
• Preferable experience with IPP/IWPP projects and understanding of commercial and contractual structures.
• Good knowledge of PPA/PWPA arrangements and major project agreements.
• Strong commercial and contract management capability.
• Ability to interpret financial models and relate them to cash flow, budgets and performance.
• Experience managing multiple internal and external stakeholders.
• Developer, owner or shareholder‑side experience is preferred.
• Gas‑fired/conventional power experience strongly preferred.
• Excellent written and verbal English communication skills.
• Available to join within one month.

Required skills

• Financial analysis
• IPP/IWPP project knowledge
• PPA/PWPA framework understanding
• Business planning
• Risk management
• Stakeholder management
• Construction‑to‑operations transition
• Asset management