OPWP, Al Kamil Power pact likely to extend
The firm operates a 285MW electricity generating station in Sharqiya
Oman's Al Kamil Power Company has said that Oman Power and Water Procurement Company (OPWP) is likely to extend its power purchase agreement (PPA) until 2020, Times of Oman reported.
"The negotiations with OPWP on the terms and conditions in this respect have commenced. AKPC will remain actively and constructively engaged in this process with a view of extending its PPA in a manner which is beneficial to all stakeholders," the company said in a statement.
The 15-year-long PPA of Al Kamil with OPWPC will expire in April 2017 according to the initial agreement.
Al Kamil Power Company is an independent power generation company established to build, own and operate a 285 MW electricity generating station at Al Kamil in the Sharqiya Region of the Sultanate of Oman.