Energy
Deals signed for RO885mn Ibri, Sohar-3 power project
Oman Power and Water Procurement Co (OPWP), the sole procurer of all new power generation and water desalination capacity in the sultanate, signed on Sunday a number of agreements to establish two independent power plants in Ibri and Sohar.
The event was held under the patronage of H H Sayyid Taimur bin As’ad al Said and was attended by a number of government officials, and representatives from the consortium and electricity sector in the sultanate.
The project was awarded to a consortium consisting of Mitsui & Co, Ltd, ACWA Power, and Dhofar International Development and Investment Holding Co (DIDIC).
The agreements were signed by Ahmed al Jahdhami, CEO of OPWP, Yoshio Kometani, chief operating officer of Mitsui & Co Ltd, Mohammed Abunayyan, chairman of ACWA Power, and Sheikh Khalid al Mashani, chairman of DIDIH.
The two gas-fired combined cycle power plants are expected to cost over RO885mn. The Ibri plant will contribute 1,509MW to the total installed capacity, with Sohar-3 adding 1,710MW3. The Ibri plant is planned to be commercially operated by the second quarter of 2019, and Sohar-3 plant is planned to be in operation by the first quarter of 2019.
-
Economy2 months agoOMIFCO IPO: Price, Dividends, Subscription Dates and Listing – Here’s Everything You Need to Know
-
Magazines1 month agoOER May 2026 Edition: The Digital Copy
-
News4 weeks agoINVESTIGATION: Why Nokia Could Matter More in the Quantum Age Than It Ever Did in Mobile
-
Investment1 month agoWhy Are Tech Stocks Rising Again – And Is It Too Late To Invest In Them?
-
News1 month agoINVESTIGATION: Is AI in a Bubble? Inside the Trillion-Dollar Question Reshaping Global Markets
-
Magazines2 months agoSignature Oman: May 2026 Edition
-
Banking & Finance2 months agoOman Arab Bank marks successful listing of $400mn AT1 Bond on London Stock Exchange
-
Banking & Finance1 month agoSohar Islamic Launches Exclusive Infinite Credit Card for HNWIs in Oman

You must be logged in to post a comment Login