Dentons advises on Qurayyat IWP in Oman
Dentons has advised Qurayyat Desalination SAOC with respect to the Qurayyat independent water project (IWP) involving an awarded $250mn contract to design, build, own and operate the Qurayyat desalination project in Qurayyat, Oman
Dentons has advised Qurayyat Desalination SAOC – a special purpose company formed by Hyflux Ltd and Modern Channel Services LLC – with respect to the Qurayyat independent water project (IWP) involving an awarded $250mn contract to design, build, own and operate the Qurayyat desalination project in Qurayyat, Oman.
The project was awarded by government-owned Oman Power and Water Procurement Company (OPWP) under a 20-year water purchase agreement with OPWP and adds another 200,000 cubic metres per day of drinking water to the country’s water supply. The transaction reached financial close in June and involved cross-border elements across Oman, Singapore, the United Kingdom and the United Arab Emirates.
Dentons Middle East senior partner, Neil Cuthbert, commented, "We are delighted to have worked with Hyflux and Modern Channel Sources LLC on this independent water project in Oman, particularly as it was Hyflux's first Build-Own-Operate (BOO) project in the Middle East".
The Dentons team was led by Neil Cuthbert and assisted by partners Ian McGrath in Istanbul, Ian Dalley in Abu Dhabi and Paul Sheridan, Andrew Figgins and Sadaf Buchanan in Muscat, as well as Dubai associates Carina Onzer and Mona Hammadi.
Dentons' leading energy and project finance teams have an in-depth understanding of the Oman market, having first advised on the privatisation of the Sultanate's power and water sector in the late 1990s. The team has since worked on many power and water projects in Oman, advising both the government of Oman as well as the private sector.