The development of the first large-scale solar IPP will follow the successful IPP structure established in Oman, using a transparent competition process to award the contract to a highly qualified private sector project company, delivering world class technology solution.
“The estimated project cost is around US$500mn. The project will be built, owned and operated by the private sector. The scope of the project includes financing, procurement, engineering, construction, operation and maintenance of a new power plant,” Eng Yaqoob Saif Hamood al Kiyumi, CEO of OPWP, said at a press conference on Wednesday.
He said the generation capacity of the new solar IPP will be 500MW, to be located at Ibri. The plant output will be sufficient to supply an estimated 33,000 homes with electricity and offset 340,000 tonnes of CO2 emissions a year.
Interested companies can purchase request for qualification (RfQ) documents from today. It is planned that the tender for the project will be awarded in the fourth quarter of 2018 and the project is to be commercially operational by early 2021.
Hamdan Ali al Hinai, chairman of OPWP said, “This project will be the first in the chain of renewable energy projects that the company is planning to develop in the coming few years to support the sustainability approach of the country.”