Sohar 2 & Barka 3 IPPs
Sohar 2 & Barka 3 IPPs - a Independent Water & Power Project in Oman. Capacity 1.5 GW. Winning consortium: GDF Suez + Sojitz + Shikoku + Suhail Bahwan + PASI. Status: Operational; LOAs for new PPAs 2024.
- Country
- Oman
- Procurer
- OPWP
- City / region
- Sohar / Barka
- Capacity
- 1.5 GW
- Status
- Operational; LOAs for new PPAs 2024
- Power tariff
- Not publicly disclosed
Winning consortium
GDF Suez + Sojitz + Shikoku + Suhail Bahwan + PASI - equity: ENGIE 46% / Multitech 22% / Sojitz 11% / Shikoku 11% / PASI 10%
Procurement timeline
- RFP: 2010
- Bid submission: 2010
- Preferred bidder: 2010
- Commercial close: Sep 2010
- Financial close: Sep 2010
- PCOD: 2013
Financing
- Capex: USD 1.7 bn (combined)
- Debt: USD 1.3 bn senior PF
- Lenders: Euler-Hermes + KEXIM cover; commercials
- Tenor: Long-tenor
Technical scope
Process: CCGT
Two identical 744 MW units; Al-Batinah & Al-Suwadi Power Cos
EPC contractor: GS Eng / Hyundai E&C
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.