Economy
Japanese-Omani consortium wins contract for PDO’s giant solar plant

Petroleum Development Oman (PDO) announced that it has awarded a contract to build a landmark 100 megawatt solar photovoltaic plant, which is part of an Independent Power Producer (IPP) project, to a joint Japanese-Omani consortium.
The Marubeni Consortium, comprising the Marubeni Corporation (Japan) as the lead founder, Oman Gas Company, Bahwan Renewable Energy Company and Modern Channels Services, won the bidding process, which attracted competitive tenders from global developers in the renewable energy industry.
The plant will provide power for PDO’s interior operations and be the first of its type in Oman. It will also be the world’s first utility-scale solar project to have an oil and gas company as the sole wholesale buyer of electricity.
The project includes the design, procurement, construction, commissioning, financing, operation and maintenance of the solar photovoltaic plant, which will have a capacity of 100 megawatts.
The power will be structured as an IPP under the terms of the power purchase agreement for a period of 23 years.
The awarding ceremony will take place on November 7 at PDO’s Muscat headquarters.
Regarding the bidding, PDO Managing Director Raoul Restucci said, “We look forward to working with the Marubeni Corporation and consortium partners to build our first IPP renewable energy project, which is another building block in support of Oman’s outstanding potential in renewable energy.”
PDO has already ventured into solar energy with the giant Miraah solar plant in Amal, which it is developing with partners GlassPoint Solar to produce steam for thermal enhanced oil recovery.
PDO is also installing thousands of solar panels in car parks at its Mina Al Fahal headquarters to provide power to offices and to feed into the national grid during non-working hours.
-
News1 month ago
Offer Price, Overview, Investors: Here’s Everything You Need to Know About Asyad Shipping’s Mega IPO
-
OER Magazines1 month ago
OER, February 25
-
Automotive2 months ago
[REVIEW] A Legend Reinvented: The Nissan Patrol Y63 Blends Heritage with Modern Mastery
-
Alamaliktistaad Magazines1 month ago
Al-iktisaad, February 2025
-
Energy1 month ago
Dubai Supreme Council of Energy Unveils 5th Emirates Energy Award 2023–2025 in Muscat
-
News2 months ago
Oil Prices Rise as Investors Assess New US Tariff Threats
-
News2 months ago
Middle East Emerging as a Key Destination for Sports Tourism
-
Banking & Finance2 months ago
Alizz Islamic Bank Partners with Visa to Launch Premium Shari’a-Compliant Card Solutions
You must be logged in to post a comment Login