Ibri 2 PV
Ibri 2 PV - a Solar Independent Power Producer in Oman. Capacity 500 MW. Winning consortium: ACWA + GIC + AEPCo. Status: Operational.
- Country
- Oman
- Procurer
- OPWP
- City / region
- Ibri, Ad-Dhahirah
- Capacity
- 500 MW
- Status
- Operational
- LCOE
- Not publicly disclosed
Winning consortium
ACWA + GIC + AEPCo - equity: ACWA 50% / GIC 40% / AEPCo 10%
Procurement timeline
- RFQ: 2018
- RFP: 2018
- Bid submission: Q1 2019
- Preferred bidder: Mar 2019
- Commercial close: 30 Apr 2019
- Financial close: Mar 2020
- PCOD: Jan 2022
Financing
- Capex: USD 417 M (OMR 160M)
- Debt: USD 275 M (~70%)
- Lenders: AIIB (USD 60M), Bank Muscat, Riyad Bank, Siemens Bank, StanChart, Warba
Technical scope
Process: Bifacial + trackers
Oman's first IPP under national RE programme
Notes
Tariff not publicly disclosed by OPWP.
EPC contractor: PowerChina Huadong
Sources
Open the full Solar 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.