Sur contracts to be inked this month
Agreements for Oman's largest IPP projects announced shortly
Oman’s landmark Sur IPP is expected to progress this month, as agreements linked to its implementation are due to be signed in the next two weeks.
Earlier this week the Oman Power and Water Procurement Company announced that the consortium led by Japan’s Marubeni Corporation had been selected to oversee the planning, design and construction of the 2,000 megawatts power plant – Oman’s largest.
With the project’s cost expected to be between $1.5 and $1.7 billion, the companies that make up the winning consortium – Marubeni, Chubu Electric, QEWC and Oman’s Multitech - are expecting to receive the formal award of their licences later this month, and with them a set of agreements with ministries and government bodies.
Representatives from the Ministry of Oil and Gas are also expected to sign a Gas Supply Agreement, which will allocate the volumes of gas required for the IPP, which will need around 10 million cubic metres per day.