Oman’s Ibri IPP to Launch in 2019

The plant is to com­mence op­er­a­tions af­ter ef­fi­ciency test­ing

Utilities Middle East - - CONTRACTS -

Ibri in­de­pen­dent power project (IPP) is the largest in­vest­ment project in Oman’s Gov­er­norate of Dhahi­rah and is ex­pected to sig­nif­i­cantly boost power sup­ply in the re­gion.

The project is de­vel­oped by a con­sor­tium of Mit­sui and Co (50.1%), ACWA Power (44.9%) and Dho­far In­ter­na­tional De­vel­op­ment and In­vest­ment Hold­ing Co (5%).

The plant is ex­pected to com­mence com­mer­cial op­er­a­tions on sched­ule af­ter the com­ple­tion of ef­fi­ciency test­ing phase in April 2019.

Eng Ali Mo­hammed al Rai­isi, chief ex­ec­u­tive of­fi­cer of A’Dhahi­rah Gen­er­at­ing Co said that the to­tal con­tracts awarded to lo­cal com­pa­nies amounted to $168mn through pro­cure­ment, lo­gis­tics ser­vices or tech­ni­cal con­tracts, rep­re­sent­ing 17% of to­tal in­vest­ment of $847mn in the project.

Rai­isi as­sured that the com­mer­cial oper­a­tion of the plant will com­mence in early April 2019.

The gas-fired com­bined cy­cle power plant will op­er­ate ac­cord­ing to the lat­est global stan­dards to in­crease the ef­fi­ciency of oper­a­tion and pro­duc­tion of elec­tric­ity at a lower price and re­duce costs.

A’Dhahi­rah Gen­er­at­ing Co will also con­tribute to the na­tional econ­omy by of­fer­ing part of its shares at the Muscat Se­cu­ri­ties Mar­ket.

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