The Asian Infrastructure Investment Bank is set to provide up to US$60 million loan financing for the development of the 500 MW Ibri II solar photovoltaic (PV) project in Oman.
The financing covers about 15% of the estimated total project of about US$400 million.
The project is currently developed by International Company for Water and Power Projects, better known as ACWA Power, Gulf Investment Corporation (GIC), and Alternative Energy Projects Co (AEPC). The project has signed a 15-year power purchase agreement with Oman Power and Water Procurement Company (OPWP).
The project is expected to be operational by June 2021.
Country updates
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January 17, 2020
Jolywood supplies solar panels for the 105 MWac Amin Solar PV project
Jolywood Suzhou Sunwatt Co Ltd has supplied N-type bifacial solar modules, under a contract with Marubeni Corporation, for the 105 MWac Amin solar photovoltaic project in Oman. The project is schedul...
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December 24, 2019
OPWP prequalifies bidders for Manah Solar I & II
Oman Power and Water Procurement Company (OPWP) has announced the list of pre-qualified applicants for the development of the second phase of OPWP’s renewables program. The company has announced...
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December 15, 2019
China’s State Grid enters agreement with Oman Electricity Transmission Co for stake acquisition
Oman’s Nama Holding, the holding company of state-owned electricity network companies, has entered into an agreement with the State Grid International Development Ltd. (SGID), a wholly-owne...
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November 21, 2019
Nebras Power completes acquisition of 9.9% stakes in Amin Solar Project
Nebras Power, a joint venture of Qatar Electricity and Water Company (60%) and Qatar Holding (40%), has completed the acquisition of a 9.9% stakes in the 105 MWac solar photovoltaic project in Amin....
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September 17, 2019
Enertis appointed for the Owner’s Engineer role for building 100 MW solar PV project in Oman
Enertis has been selected by the consortium Amin Renewable Energy Company SAOC as the owner engineer for the 100 MW Amin solar photovoltaic plant located in about 210 km North-East of Thumrait, in Oma...
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