Oman‘s Nama Power and Water Procurement Co. (PWP) has announced the companies and consortia that submitted bids to develop its 500 MW Ibri III solar project.
A social media post shared by the company, which is the single buyer of power and water for all independent power projects in Oman, lists four bids in the running to develop the project.
A consortium of Abu Dhabi Future Energy Company (Masdar), Korea Midland Power (KOMIPO) and Al Khadra Partners makes up the first listed bid, while a partnership between ACWA Power and TotalEnergies Renewables forms the second bid.
The third bid comes from a partnership between EDF Renewables and Korean Western Power (KOWEPO), while the fourth bid is from Sembcorp Utilities.
PWP kicked off the tender in January 2024. It received twelve submissions from local and international developers, with nine applications qualifying to submit proposals in June last year.
The Ibri III solar project, with an estimated project cost of OMR 155 million ($402.6 million), has a scheduled completion date of the first quarter of 2027. It will be located alongside the existing 500 MW Ibri II solar project, which was inaugurated in January 2022 after a 13-month construction period.
PWP launched its fourth solar tender, for a 280 MW plant, last December.
According to the International Renewable Energy Agency (IRENA), Oman had installed 672 MW of solar by the end of 2023. Towards the end of last year, Sembcorp Utilities began commercial operations at a 588 MW solar plant in northeastern Oman more than four months ahead of schedule. A 20-year power purchase agreement is in place with PWP.
The Omani government has set a target of adding around 4 GW of renewables capacity by 2030.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.