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FINANCIAL NEWS
Oman to build 850MW power project near Muscat
01 Nov 2016
(MENAFN) Oman has floated a tender to build an independent power project (IPP) with a capacity of 750-850 MW near Muscat International Airport.
Additionally, the award of the project is predicted by the 4th quarter of 2017 and the project will be operational by the first quarter of 2021.
Furthermore, the scope of the project includes financing, procurement, engineering, construction and maintenance of a new generation capacity of 850MW.
Demand of power is increasing in the Sultanate due to population driven residential growth, overall economic growth, development in industrial free zones.
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