FINANCIAL NEWS

Oman’s Raeco inks two deals to build Dhofar wind power project

13 Sep 2017

(MENAFN) Two deals related to the development of 50MW capacity Dhofar wind power project, which will produce elect needed for 16.000 homes were inked by the Rural Areas Elect Co.

Moreover, the power purchase deal was inked by Raeco with Oman Power and Water Procurement Co., while another power connection pact was inked between Raeco and Oman Elect Transmission.

Meanwhile, Madar, earlier inked an engineering, procurement and construction deal with a global consortium covering GE and Spain’s TSK to build the Dhofar Wind Power Project.

In addition, the wind mill will be located in Fattehit area in Shalem and Halaniyat Islands in Dhofar governorate, while the USD105mn capital spending will be brought in by Masdar.

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MENAFN1309201700450000ID1095851129

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