Double Oman IPO in two years
OPWP will float 35pc of two plants in 2012 and 2013
Oman’s power sector will see two public offerings in the next two years, following an announcement by the Oman Power and Water Procurement Company.
“Two power projects, one at Sur and one at Batinah, will float 35 per cent IPO each in April 2012 and April 2013 respectively,” said company chief Bob Whitelaw.
OPWP awarded a 25-year agreement to build, own and operate the 2,000 megawatt Sur power plant at a cost of $1.5bn, but the Oman government has yet to sign a similar deal for the Batinah plant.