Barka 2 IWPP (SMN Barka)
Barka 2 IWPP (SMN Barka) - a Independent Water & Power Project in Oman. Capacity 678 MW. Winning consortium: Mubadala + Suez + Multitech. Status: Operational.
- Country
- Oman
- Procurer
- OPWP
- City / region
- Barka
- Capacity
- 678 MW
- Status
- Operational
- Power tariff
- Not publicly disclosed
Winning consortium
Mubadala + Suez + Multitech - equity: SMN Barka SPV
Procurement timeline
- RFP: 2005
- Bid submission: 2006
- Preferred bidder: 2006
- Commercial close: 2006
- Financial close: 2006
- PCOD: 2009
Financing
- Capex: ~USD 950 M
- Debt: USD 800 M
- Lenders: HSBC+SMBC lead; KBC, Calyon, Natixis, BNP, Mashreq, Arab Bank, GIB, Bank Muscat, NBAD, KfW-IPEX, Bayern LB, West LB, StanChart, Mizuho
- Tenor: Long-tenor
Technical scope
Process: CCGT + SWRO
Includes Al Rusail brownfield acquisition
EPC contractor: Doosan / Sidem
Sources
Open the full IWPP / IPP benchmark →Part of the GulfInfra · GCC Infrastructure Library - a free open-source benchmark of 136 public-private partnership procurements across the GCC. Methodology: how we build this.