Oman: Bidders identified for $550m water schemes
Spanish-based Valoriza Agua SL and Japanese conglomerate Itochu Corporation have been selected for the major water schemes
Oman Power and Water Procurement Company (OPWP) has identified preferred bidders for two major water schemes planned at Sohar and Barka on Oman's Batinah coast.
Serparate consortiums led by Spanish-based Valoriza Agua SL and Japanese conglomerate Itochu Corporation have been selected for the development of Idependent Water Projects (IWPs), the Oman Daily Observer reported.
Tendered together, the two water projects represent the single largest procurement of water desalination capacity in the nation's history to date - with the total investment estimated at around $550m.
Separate licenses will be awarded for the development, design, construction, ownership, financing and maintences of the IPPs.
Formal project agreements linked to both IPPs are likely to be inked soon, according to OPWP officials.
Valoriza Agua teamed up with Oman Brunei Investment Company and Sogex Oman for the bidding process.
While, Itochu Corporation joined forces with Degremont, International Power (Dubai Branch) and W J Towell & Co.
Seven consortiums submitted offers for the two water schemes when bids opened in August.