Oman's 200MW solar project imminent
Government approval for ambitious solar project expected soon
Final approval by the Oman government is expected shortly, for a large-scale grid-connected solar power project that aims to produce 200 megawatts, according to a report by the Times of Oman.
Speaking at the Oman Power and Water Conference, Andrew Charles Rackham, Director, Projects Development at Oman Power and Water Procurement Company said: “The government is already committed to doing the project – they need to understand the impact and the financing before taking a final decision.”
With an initial projected cost of $1 billion, the falling price of materials is hoped to bring the project’s value to a more manageable level.
“We are already seeing the price of PV dropping, and it will probably drop through the $3,000 floor, down to $2,000. Then you’re looking at a project in the region of $500 million to $600 million,” Rackham added.
Contracts are expected to be awarded about 14 months after final government approval for the project is announced.