Muscat, July 13 Oman Power and Water Procurement Company (OPWP) today signed agreements for establishing a power plant project in Sur with an investment consortium for establishing, possessing and operating Sur Power Plant worth RO. 700 million.
The agreement was signed by Eng. Ahmed bin Salih al Jahdami, OPWP Deputy Chairman and representatives of the project's executing companies.
Sur Power Project is one of the major power projects being implemented in the Sultanate. The project will supply 2000 megawatt (MW) of electricity after full operation by 2014. The project will meet the Sultanate's growing needs of electricity. The power plant will be built in Sur Industrial Estate. It will run by natural gas to be supplied by the Ministry of Oil and Gas via the Ministry's current facilities in the region.
As per the agreement, the project will be implemented in two phases. The first phase will supply 433 MW by April 2013 and the rest of the capacity, which is 1567 MW will be supplied by the fixed date for commercial operations in April 2014.
The agreements of the project include power purchase agreement from Oman Power and Water Procurement Company (OPWP), natural gas purchase agreement from the Ministry of Oil and Gas, in addition to the usufruct agreement with the Public Establishment for Industrial Estates (PEIE) and power supply agreement with Oman Electricity Transmission Company (OETC) and founders' agreement with Electricity Holding Company (EHC).
It worth mentioning that, the consortium comprised of Marubeni Corporation, Chubu Electric, Qatar Electricity and Water and Multitech, which is a subsidiary of Bahwan Group.
