Oman: $1bn Sohar 3 project to be completed on time
The project, valued at over $1bn (OMR385m), is on track to commence commercial operations by January 2019
Construction work on Sohar 3, a green-field, integrated combined-cycle gas turbine power plant located in Sohar Port, is progressing as per schedule.
The project is valued at over $1bn (OMR385m) and is on track to commence commercial operations by January 2019, according to Muscat Daily
With capacity enough to power new developments in the recently announced Sohar Port South and Sohar Free Zone Phase 2 expansions, the new plant will have a power output of more than 1,700MW, making it Oman’s second largest power station.
Developed by Shinas Generating Company, the project is in partnership with Mitsui, ACWA Power, and Dhofar International Development and Investment Holding.
The sole off-taker will be Oman Power and Water Procurement Company (OPWP), who will supply the power produced to Oman’s national grid.
Mark Geilenkirchen, Sohar Port and Free Zone, CEO, was quoted saying: “We have seen sustained double-digit growth in Sohar for more than twelve years now, and we are 100% on track for continued expansion.
“Our role is to ensure that world-class infrastructure is in place before our incoming tenants require it, so they do not experience delays when commencing production. In times of budgetary constraints right across the GCC, Sohar has once again shown it is possible to develop, finance, build, own and operate a large-scale high performance power plant like this one with a significant share of private investment.
“Since we started operations here in 2004, public-private partnerships have been at the core of our success story - made in Sohar.”
Sohar Free Zone’s CEO, Jamal T Aziz, added: “Phase 1 of Sohar Free Zone is practically leased out and our technical teams are now busy planning Phase 2."