Mistsui-led consortium to build Oman’s largest power project
Omani media outlets have reported that a consortium led by Japan’s Mitsui & Co has bagged a $2.3 billion bid to build power stations in two locations in Oman.
The consortium, which includes Dhofar International Development and Investment Holding Co (DIDIC) of Oman and Saudi Arabian power company ACWA Power, will build two independent gas-fired combined cycle power plants, with a combined generation capacity of 3,150 megawatts (MW).
The first plant will have a capacity of 1,450MW and will be built in Ibri, while the second, called Sohar 3, will have a capacity of 1,700MW and will be constructed in Sohar.
According to the Times of Oman, the major power stations will supply approximately 30 per cent of the electricity that will be consumed in the Muscat area, once commercial operations are underway.
Citing a statement by Mistsui, the paper indicates that the project agreements, including the sales contract, are expected to be signed next month and the plants are set to start commercial operations in 2019.
($1 = AED3.67, at the time of publishing)