HomeGas & Oil FiredMarubeni consortium awarded $1.5bn Omani IPP

Marubeni consortium awarded $1.5bn Omani IPP

A consortium led by the Japanese firm Marubeni has scooped the contract for the construction of the $1.5bn Sur independent power project (IPP), which is described as Omanࢀ™s biggest green-field power project.

The mandate of the consortium, which also includes Qatar Electricity and Water Company, covers the design, finance, construction, operation and maintenance of the 2000 MW facility, under a 15-year power off-take agreement with the state-owned Oman Power and Water Procurement Company (OPWP).

In addition, the consortium has signed a gas supply agreement with Omanࢀ™s Ministry of Oil and Gas.

Marubeni confirmed that the consortium would meet OPWPࢀ™s implementation timeframe, which requires 400 MW of power to be available for summer 2013, with the remaining 1600 MW becoming operational for summer 2014.

The Oman Electricity Transmission Company (OETC) has commissioned consultants and contractors to build the necessary infrastructure to transmit power from the IPP to the Main Interconnection System serving the northern half of Oman.

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