Sur IPP (Phoenix Power)
Sur IPP (Phoenix Power) - a Independent Water & Power Project in Oman. Capacity 2.0 GW. Winning consortium: Marubeni + Chubu + QEWC + Multitech. Status: Operational; LOA for new PPA 2024.
- Country
- Oman
- Procurer
- OPWP
- City / region
- Sur Industrial (150 km SE of Muscat)
- Capacity
- 2.0 GW
- Status
- Operational; LOA for new PPA 2024
- Power tariff
- Not publicly disclosed
Winning consortium
Marubeni + Chubu + QEWC + Multitech - equity: Marubeni+JERA+Nebras+MEIC
Procurement timeline
- RFP: 2011
- Bid submission: 2011
- Preferred bidder: 2011
- Commercial close: 2011
- Financial close: 2011-12
- PCOD: Dec 2014
Financing
- Capex: ~USD 2 bn
- Lenders: Japanese + int'l banks; JBIC
- Tenor: Long-tenor
Technical scope
Process: CCGT
Phoenix Power IPO on MSM; ~28% Oman capacity
EPC contractor: STX Heavy + 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.