Salalah 2 IPP
Salalah 2 IPP - a Independent Water & Power Project in Oman. Capacity 445 MW. Winning consortium: ACWA + Mitsui + DIDIC. Status: Operational.
- Country
- Oman
- Procurer
- OPWP
- City / region
- Raysut, Salalah
- Capacity
- 445 MW
- Status
- Operational
- Power tariff
- Not publicly disclosed
Winning consortium
ACWA + Mitsui + DIDIC - equity: ACWA 45% / Mitsui 45% / DIDIC 10%
Procurement timeline
- RFP: 2015
- Bid submission: 2015
- Preferred bidder: 2015
- Commercial close: Aug 2015
- Financial close: Aug 2015
- PCOD: Jan 2018
Financing
- Capex: USD 620 M
- Debt: USD 450 M senior
- Lenders: StanChart, SuMi Trust, KfW IPEX, SMBCE, Mizuho, Bank Muscat, Bank Dhofar
- Tenor: Long-tenor
Technical scope
Process: CCGT (extends 273->718 MW)
Sponsor equity USD 190 M
EPC contractor: MHI / Daewoo
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.