Manah 1 PV

Manah 1 PV - a Solar Independent Power Producer in Oman. Capacity 500 MW. Winning consortium: EDF Renewables + KOWEPO. LCOE: USD $0.0230/kWh. Status: Operational.

Country

Oman

Procurer

OPWP

City / region

Manah, Al Dakhiliyah

Capacity

500 MW

Status

Operational

LCOE

USD $0.0230/kWh

Winning consortium

EDF Renewables + KOWEPO

Procurement timeline

• RFQ: 2021
• RFP: 2022
• Bid submission: Sep 2022
• Preferred bidder: Mar 2023
• Commercial close: 23 Mar 2023
• Financial close: Jan 2024
• PCOD: Dec 2024

Financing

• Capex: USD 460 M (KRW 600bn)
• Debt: USD 302 M
• Lenders: Standard Chartered + others

Technical scope

Process: Bifacial PV

Tariff at fleet-level for Manah I+II ~$0.023/kWh; project-specific not disclosed

Notes

Wadi Noor Solar Power Co SPV.

Sources

• EDF
• Wadi Noor SPV

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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.