NEWS

Oman to ink Ibri, Sohar IPP deals

Friday, May 13, 2016

Oman Power and Water Procurement Company (OPWP) is set to sign several deals towards building independent power projects (IPP) at Ibri and Sohar in the sultanate, a report said.

The contracts will be signed on May 15 in Muscat with a consortium of Japan’s Mitsui, Acwa Power, and Dhofar International Development and Investment Holding Company (DIDIC), added the Times of Oman report.

The project, which consists of two new natural gas-fired combined cycle power plants, will have a total installed capacity of 3,219 megawatts (MW), according to the report.

The consortium will build, own and operate both plants and sell power to OPWP under a 15-year power purchase agreement at a cost worth over RO885 million ($2.3 billion).

 

Source : tradearabia.com

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