Acwa Power consortium to build Oman's $400m IPP solar plant

Kuwaiti-Saudi consortium beats Masdar, Marubeni to win contract for independent solar power project in Ibri, Oman

Acwa Power will build Oman's Ibri IPP [representational image].
© Pixabay
Acwa Power will build Oman's Ibri IPP [representational image].

Oman Power and Water Procurement Company (OPWP) has awarded a consortium led by Saudi Arabia's Acwa Power a contract to build a a $400m (OMR154m) solar energy plant in Ibri, around 300km from Muscat. 

The three-party consortium comprises, alongside Acwa Power, Kuwait's Gulf Investment Corporation and Alternative Energy Projects Company.

Ibri’s 500MW solar energy plant is due to start operations in 2021 and will generate renewable energy for 33,000 homes across the sultanate.

OPWP’s chief executive officer, Yaqoob Al-Kiyumi, said this will be equivalent to reducing more than 300,000 tonnes of carbon dioxide emissions per year.

All project costs will be met by the private sector, according to the statement by state-run Kuwait News Agency.

The Acwa Power-led consortium beat out teams led by Abu Dhabi’s Masdar and Japan’s Marubeni Corporation to win the contract, following a detailed review of costs, legal implications, and technical capabilities.

OPWP plans wants to float a request for qualification for another solar power project with a capacity of up to 1,000MW in the middle of 2019. A request for proposal will be floated for the Manah plant before the end of the year, Oman News Agency reported.

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