28 companies respond to Oman’s 500MW solar RFQ
The Oman Power and Water Procurement Company (OPWP) has received 28 proposals in response to a request for qualifications (RfQ) for a 500-MW solar project
The Oman Power and Water Procurement Company (OPWP) has received 28 proposals in response to a request for qualifications (RfQ) for a 500-MW solar project, the company has revealed.
The competitive process was launched at the end of December 2017 with the aim to select a developer for a 500-MW solar complex in Ibri. The deadline for accepting proposals was February 22.
After shortlisting bidders, the state-owned utility will proceed with the tender for the solar independent power project (IPP), the investment in which is estimated at USD 500 million (EUR 405.6m).
According to OPWP, the high number of accepted applications reflects “the continued interest and trust in the Oman power sector.”
Among the applicants ready to take part in the bidding is a consortium between Masdar and a unit of French oil and gas group Total SA (EPA:FP), a tie-up between EDF Energies Nouvelles and Korea Electric Power Corp (KRX:015760), Japan’s Marubeni Corp (TYO:8002), Mitsui & Co (TYO:8031), Sumitomo Corp (TYO:8053), TBEA Xinjiang SunOasis and Oman National Engineering & Investment Co, Hanwha Energy Corp and Hanwha Q Cells Corp (NASDAQ:HQCL), and several other companies and consortia. The full list of applicants can be seen on OPWP's website.
OPWP previously said the project is to be awarded late in 2018 and it will be developed under the build-own-operate (BOO) model. The solar power plant is set to be up and running in early 2021, according to Renewablesow.com.