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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.
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