OPWP launches tender process for financial advisor

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OPWP launches tender process for financial advisor

Oman Power and Water Procurement (OPWP) has launched a tender process to hire a financial advisor for the 489 MW Salalah IWPP refinancing plan.

The Salalah IWPP, which has been operational since May 2012, is owned by SembCorp Salalah Popwer and Water Company. The Water & Power project includes a 489 MW gas-fired combined cycle power plant and a reverse osmosis seawater desalination plant, which has a contracted water capacity of 15 million imperial gallons per day under a 15-year power and water purchase agreement with OPWP.

The sponsor has invested about US$1 billion to develop the build, finance, own and operate (BFOO) project.

We have recently reported that OPWP had awarded a consortium of ACWA Power, Mitsui & Co and Dhofar International Development and Investment Holding Company (DIDIC) 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 total project investment is estimated at US$630 million.

List of country news

Country news

  • May 27, 2015

    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). Read more
  • 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

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