Oman JV unveils Asia's largest biomass power plant
GS EPS inaugurates 110MW plant in South Korea at a cost of $280mn.
An Omani-Korean joint venture has inaugurated the largest biomass power plant in Asia.
GS EPS, a consortium of Oman Oil Company (OOC) (30%) and GS Holdings (70%), invested around $273mn to develop the 105MW plant in Korea.
“It is a great pleasure for OOC to witness the inauguration of the project completion with GS Holdings. This investment is part of the company’s integrated strategy to diversify its growing investments internationally," said Hilal bin Ali al-Kharousi, vice president of emerging businesses at OOC.
"OOC plays a vital role to facilitate the transfer of expertise and technology to form a knowledge-based economy, and aims to build the technological and operational capacities through strategic partnerships. In future similar renewable energy project opportunity can be explored in Oman."
The biomass power plant will use palm kernel shell (PKS) as fuel and produce electricity by steam turbine and a circulating fluidized bed combustion (CFBC) type boiler.
The plant will meet the electricity needs of around 110,000 people and will produce less carbon than conventional power plants.