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Thursday, 3 November 2022

Oman opens tender on another solar project

Oman’s OPWP launches tender for 500 MW solar PV project: The Oman Power and Water Procurement Company (OPWP) has kicked off an open tender for a 500 MW IPP solar PV project, with a deadline to submit bids next Tuesday, 8 November, according to a company statement last week. The Ibri III project is set to come online by 4Q 2026. No financial details were revealed yet.

Background: OPWP inaugurated the Ibri II solar PV project in January, the nation’s first grid-connected solar power project. The OMR 155 mn (USD 402.6 mn) project was funded by a consortium of investors including Saudi’s Acwa Power (50%), Kuwait-based investment firm Gulf Investment Corporation (40%), and Kuwait-based Alternative Energy Projects Co. (10%).

OPWP is going big on solar: OPWP is currently assessing tenders for a 1.2 GW project divided into two phases southwest of Muscat, ranging between 500 and 600 MW each, the Oman Observer reported last week.

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