Financial advisor sought for Salalah IWPP in Oman

OPWP tenders contract ahead of potential refinancing of 450MW Sembcorp project.

Oman, OPWP, Salalah, News

Oman Power and Water Procurement Company (OPWP) is seeking a Financial Advisor to support the potential refinancing of the Salalah Independent Water & Power Project (IWPP).

Specialised companies are invited to submit their offers for the tender by 21 April, OPWP said in a statement on its website.
Tender documents will be available for purchase from its offices until 7 April 2015.

Sembcorp Salalah owns and operates the power and water project which it commissioned in May 2012.

The gas-fired power plant has a gross capacity of 490 megawatts (net capacity of 445MW) and a seawater desalination plant with an output of 15 million imperial gallons (69,000 cubic metres) per day.
OPWP buys the output under a 15-year power and water purchase agreement.

Besides the Salalah IWPP, Sembcorp also owns, operates and maintains the Fujairah 1 Independent Water and Power Plant – one of the world’s largest operating hybrid desalination plants – in the UAE since 2006.


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