Oman prequalifies firms for solar IPP schemes

MEED    3 January 2020 (Last Updated January 9th, 2020 11:53)

Oman prequalifies firms for solar IPP schemes

Oman Power & Water Procurement Company (OPWP) has prequalified firms to bid for two photovoltaic (PV) solar projects, which will be developed under the independent power producer (IPP) model.

The Manah 1 and 2 photovoltaic solar projects, previously named solar IPP 2022 and 2023, respectively, will have a capacity of 500MW-600MW each.

The prequalified bidders are:

  • Masdar (UAE) / EDF (France)
  • Eni (Italy) / Softbank Energy (Japan)
  • Acwa Power (Saudi Arabia)
  • Jinko (China)
  • Korea Western Power Company / Hanyang Corporation / Solar Reserve Limited / Nafath Renewable Energy (local)
  • Marubeni (Japan)
  • Power Construction Corporation of China
  • TagEnergy (Nigeria) / Al-Shanfari Group (local)
  • Total Solar International (France)

MEED reported in early December that OPWP could issue the tender, along with the list of prequalified bidders, by the end of the year for the two PV solar schemes.

The Manah 1 and 2 PV projects, previously named solar IPP 2022 and 2023, respectively, will have a capacity of 500MW-600MW each.

The schemes will be developed at Manah, which is located 150 kilometres southwest of the capital Muscat.

MEED understands OPWP plans to award the two contracts to separate bidders.

Indian-based Synergy Consulting is the financial adviser for Manah 1 and 2. The UK’s DLA Piper and Germany’s Fichtner are providing technical and legal advisory services, respectively.

Oman is targeting for renewables to contribute between 10% and 16% of the sultanate’s generating capacity in the main interconnected system (MIS) by 2025, which will total about 2,800MW.

The first 500MW is due to come online in 2022.

In May, a consortium led by Saudi Arabia’s Acwa Power signed the project agreements for the planned 500MW Ibri 2 solar IPP.

The project is expected to reach financial close and start construction imminently.

This article is published by MEED, the world’s leading source of business intelligence about the Middle East. MEED provides exclusive news, data and analysis on the Middle East every day. For access to MEED’s Middle East business intelligence, subscribe here.