turbine

A consortium led by Japanese Mitsui has received a letter of award for a $2.3bn contract from Oman Power and Water Procurement Company (OPWP), to develop power projects totalling 3.15GW of generation capacity.

Under the deal, Mitsui and its partners will be responsible for the construction of the 1,450MW Ibri and 1,700MW Sohar-3 power generation projects in northern Oman.

Once developed, the independent gas-fired combined cycle power plants will both be operated by Mitsui and supply power to the OPWP.

While the Japanese firm owns the majority 50.1% stake in the consortium, the remaining shares are held by ACWA Power (44.9%) and Dhofar International Development and Investment (DIDIC), which owns a 5% interest.

"The projects are expected to meet around 30% of the power requirements in the Muscat area."

The contract is expected to be signed next month, following which 15-year power purchase deals for the project are also to be signed.

While Sohar-3 is expected to start power generation in January 2019, the Ibri plant will start commercial operations in April 2019.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The projects are expected to meet around 30% of the power requirements in the Muscat area, Mitsui said.

Last year in March, Mitsui won the Salalah-2 power project in Oman.


Image: Both the independent gas-fired combined cycle power plants will be operated by Mitsui. Photo: courtesy of a454/ FreeDigitalPhotos.net.