The final main agreements for the planned 50MW wind project in the Dhofar area of Oman have been signed.
The Rural Areas Electricity Company (Raeco) signed the power purchase agreement (PPA) with state utilities provider Oman Power & Water Procurement Company (OPWP) and also a power connection contract with the Oman Electricity Transmission Company (OETC).
MEED reported earlier in September that the signing of the contracts for the $105m project was imminent.
MEED reported in August that lead developer the Abu Dhabi Future Energy Company (Masdar) had awarded the main construction contract for the planned 50MW wind project to a consortium of the US GE and Spains TSK.
The international joint venture will provide and install the components for the first large-scale wind project in the GCC, which will be located in the Dhofar governorate in the southern part of the sultanate. The wind farm will consist of 13 wind turbines, which will be provided by GE.
Masdar signed an agreement with the Rural Areas Electricity Company of Oman (RAECO) to develop the 50MW wind project in 2014.
The Abu Dhabi Fund for Development will be providing financing for the wind project.
Although Oman has lagged behind some of its GCC neighbours in pushing ahead with renewable energy utility scale projects, the sultanate is planning to develop a 200MW solar independent power project (IPP) in addition to the Dhofar wind project by 2020.
In July, Oman Power & Water Procurement Company (OPWP) received proposals for advisory roles on the sultanates first solar IPP. MEED reported in June that OPWP was planning to issue request for proposals (RFPs) for the main developer role on the project in the fourth quarter of 2017. The sultanates first major solar project is expected to be a 200MW photovoltaic (PV) scheme. The project is scheduled to be operational in 2020.