Oman to appoint advisers for Suwaiq power deal

11 July 2013

Consultancy firms pitching to advise on 3,000MW power project

The Oman Power & Water Procurement Company (OPWP) is expected to appoint advisers on the development of its next independent power plant (IPP).

OPWP tendered the advisory contract for the Suwaiq plant in May and responses were received in early June. The Suwaiq plant will be a 2500-3,000MW project due to be completed by 2018.

Typically advisers have bid for the work in consortium of financial, legal and technical teams, but this time OPWP tendered the contract as three separate consultancy mandates. “The power sector in Oman is very mature now and procurement of new projects is quite commoditised,” says a source bidding for one of the advisory contracts.

OPWP is currently being advised by the UK’s PricewaterhouseCoopers and DLA Piper, along with Germany’s Fichtner on the development of its most recent IPP, the 250MW Salalah 2 project.

OPWP recently said that meeting a sharp increase in power demand will be its key policy challenge in the coming years. Growth in power demand in the Main Interconnected System (MIS), which covers the north of the country and which Suwaiq will become a part of, is expected to be a minimum of 7.6 per cent between 2012-19.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications