Oman extend EoI deadline for 100MW solar project
The deadline for the submission of expression of interest (EoI) in the development of a 100-MWp solar project in Oman has been extended up to February 14
The deadline for the submission of expression of interest (EoI) in the development of a 100-MWp solar project in Oman has been extended up to February 14.
Petroleum Development Oman (PDO) issued the EoI call in early January and the end date for registering interest was previously set for January 31.
The company is looking for a developer of a 100-MWp solar park at Amin, southern Oman. It will buy the entire output of the plant under a 23-year power purchase agreement (PPA).
The project signals a stronger push towards renewable energy development as the PDO prepares to embrace a future that goes beyond its current focus on oil and gas as its core business.
The successful bidder will be selected on the merits of its financial offer based on the proposed tariff and full underwritten finance for the project. They will be responsible for the design, construction, ownership, financing, operation and maintenance of the solar park.
The selected developer will be granted a concession to develop and operate the solar plant for the duration of the Power Purchase Agreement (PPA), expected to span 23 year
The facility will be constructed under the build-own-operate-transfer (BOOT) model and will have to be installed in 18 months. The contract is expected to be awarded in June.
PDO says this is its first renewable energy independent power producer (IPP) project. PDO will buy all electricity generated from the project.