GDF Suez Wins $1.7bn Oman Plant Deal

1 June 2010 (Last Updated June 1st, 2010 18:30)

France’s GDF Suez has been awarded a $1.7bn deal to build and operate two power plants in Oman. GDF will own a 46% stake in each of the independent power projects, which have a combined capacity of 1,500MW. Under the 15-year agreement, GDF will sell the power generated by th

France’s GDF Suez has been awarded a $1.7bn deal to build and operate two power plants in Oman.

GDF will own a 46% stake in each of the independent power projects, which have a combined capacity of 1,500MW.

Under the 15-year agreement, GDF will sell the power generated by the Barka 3 and Sohar 2 projects to the government-owned Oman Power and Water Procurement Co (OPWP).