Marubeni consortium signs PPA for 105MW solar project in Oman

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A consortium led by Japanese firm Marubeni Corporation has signed a 23-year power purchase agreement with Petroleum Development Oman (PDO) for the 105MW Amin Solar PV IPP Project.

The consortium also included Oman Oil Facilities Development Company (OOFDC), Bahwan Renewable Energy Company, and Modern Channel Services (MCS). The special purpose company is shared in the following equities: Marubeni 50.1%; OOFDC 30%; Bahwan 10%; and MCS 9.9%. Financing is still being arranged at present.

This project, awarded to the Marubeni consortium last October, is said to be the first large-scale PV plant in Oman.

Marubeni has also had the 2GW Sur Gas Fired Combined Cycle IPP Project operational in Oman since 2014.

Oman Power and Water Procurement Company (OPWP) also revealed in November the three players who have submitted bids for its 500MW solar tender.

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