PwC wins Salalah power advisory deal
Firm will provide financial advisory services for $1bn project
PricewaterhouseCoopers has been awarded a contract by Oman Power and Water Procurement (OPWP) to provide financial advisory services for the US $1 billion Salalah IPP project, according to the Oman Daily Observer.
At the same time, engineering consultancy firm Fichtner has been named as technical advisor on the project, whilst law firm DLA Piper is set to work as legal advisors to OPWP.
Acceptance tests at the site were recently completed, with the finished site ready to start producing 490 MW of output, together with a desalination capacity of 15 million gallons per day. The plant will now play a key role in meeting rising power and water demand in Oman’s southern Dhofar region.
The site is 60% owned by Sembcorp subsidiary Sembcorp Utilities, alongside Oman Investment Corporation and Instrata Capital. Sembcorp also holds a majority holding in the Sembcorp Salalah O&M Company that will operate the plant.