Oman seeks advisers for power generation programme

22 March 2016

Financial and legal firms sought for future power capacity procurement

Oman Power & Water Procurement Company (OPWP) has invited consultancies to submit proposals for the financial and commercial advisory services and legal advisory services roles for the expansion of the power generation capacity in the sultanate’s main interconnected system (MIS).

The successful companies will provide advisory services for the competitive tendering of power capacity in order for the country’s main grid to meet demand in 2021 and beyond.

The bid submission date for both roles is 21 April.

The selected advisers will work on Oman’s next major power scheme following the recent award of contracts for the 3,219MW Ibri/Sohar 3 independent power project (IPP), the sultanate’s largest power project.

In early March, a consortium of Japan’s Mitsui and Saudi Arabia’s Acwa Power signed the power purchase agreement (PPA) for the IPPs.

Both facilities will be owned and operated under a 15-year power purchase agreement with OPWP.

According to sources close to the scheme, first power from the 1,509MW Ibri plant is scheduled to come online in April 2018, with the commissioning date for the 1,710MW Sohar 3 IPP set for January 2019. The final commissioning date for the Ibri IPP is set for April 2019.

China’s Sepco 3 will be the consortium’s engineering, procurement and construction (EPC) contractor.

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