ACWA Power, Mitsui and DIDIC sign Salalah IPP 2
Oman Power and Water Procurement Company (OPWP) along with the a consortium of ACWA Power, Mitsui & Co and Dhofar International Development and Investment Holding Coompany (DIDIC) have signed the contract to develop the Salalah 2 Independent Power Project (IPP).
The scope of the Salalah 2 IPP includes design, construction, ownership, financing, operation and maintenance of a 445 MW high efficiency facility which will extend the current power capacity of 273 MW to 718 MW. The contract is for a period of 15 years.
The facilities will be located in Raysut, Oman. Under the contract the team will acquire Dhofar Generating Company (DGC),which owns and operates the 273 MW natural gas fired power plan, which has a 15-year PPA with OPWP.
The total project investment is estimated at US$620 million.
The project is expected to be operational by early 2018.
Country news
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July 31, 2015
Financial close reached for Oman Musandam Independent Power Plant project
Oman Oil Co's majority owned subsidiary Musandam Power Company (MPC) has closed on the finance of its 120 MW Musandam power project in Oman. Read more -
September 02, 2015
ACWA and Mitsui close financing for Salalah 2 IPP
The consortium of ACWA Power, Mitsui & Co and Dhofar International Development and Investment Holding Co (DIDIC) has achieved financial close for the development, construction, ownership and operation of a 445 MW high efficiency gas fired power generation plant along with the acquisition of an existing 273 MW natural gas fired Salalah 2 IPP power plant. Read more
