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FINANCIAL NEWS
Oman to sign USD 2.29mn-deal for Ibri-Sohar projects
14 May 2016
(MENAFN) Oman proclaimed that it will sign a USD 2.29mn-deal for building Ibri, Sohar independent power projects.
Additionally, the projects which involves two newnatural gas-fired joined cycle power plants, is the main power procurement with a capacity of 3,219 MW.
The mega power plants will supply almost 30 percent of the electricity that will be consumed in the Muscat area, once commercial operations are underway.
Moreover, the managing member will hold 50.1 percent, ACWAPower will hold 45 percent share in the project.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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