Expansion project approved at Oman's Barka IWP
ACWA Power set to expand desalination capacity at site
ACWA Power International has announced that its subsidiary ACWA Power Barka has been given the green light to expand capacity at the Barka Independent Water project by 10 million gallons per day. The company has been granted a “Letter of Award” by Oman Power and Water Procurement Company (OPWP) for the project, which is located 65 kilometres north of Muscat.
The plans are subject to customary approval by the Board of Directors and company shareholders, whilst the project is set to be funded by a syndicated loan from local and regional financial institutions. Work on the expansion will begin before the close of the third quarter of 2012, with the company targeting a fourth quarter 2013 completion.
“We are proud that we are able to provide an innovative solution where ACWA Power’s main philosophy of “generating electricity and producing desalinated water at the lowest possible tariff” comes to life through creative thinking in financing, design and operations such as using the synergies of existing facilities of ACWA Power Barka. In the medium to long-term this expansion project will prove to be a well sought solution to balance shortfalls of current desalinated water production capacity in the Sultanate,” said ACWA Power Barka and ACWA Power International chairman Mohamma A. Abunayyan.