Eleven international developers applied for prequalification for the IWPP and it is understood that 10 have been prequalified. They are: France's Total; Belgium's Tractebel; International Powerof the UK; AES Corporationof the US; Nissho Iwai, Sumitomo Corporation, Marubeni Corporation, and Mitsui & Company, all of Japan; Canada's SNC Lavalin; Thermal Power, and National Thermal Power Company (NTPC)with BHEL, all of India.
The ministry is aiming to shortlist bidders in late May and is looking to award the contract in early July. The government will sign a 15-year power and water purchase agreement with the successful bidder. The first power from Sohar is envisaged by the summer of 2006, with the plant's full commissioning a year later.
The ministry is being advised on the Sohar IWPP by a team made up of Societe Generalewith Denton Wilde & Sapte, BankMuscatand Germany's Fichtner.
You might also like...
Oman receives Madha industrial city tender prices
19 April 2024
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
Algeria signs oil deal with Swedish company
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com 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.