OUR HISTORY

To meet the growing needs of the economic progress that Oman was registering, the government invited proposals for the simultaneous development of the Sultanate’s 8th and 9th Independent Power Plants, respectively at Barka and Sohar. Following a competitive bidding process run by OPWP in 2009-2010, the Founders were awarded the contract to build both these plants, which saw the incorporation of Al Suwadi Power Company for Barka 3 and Al Batinah Power Company for Sohar 2.

The Plants have been established under a Build, Own, Operate (BOO) scheme, which enables them to be operated beyond the Power Purchase Agreement (PPA) term of 15 years, either by extending the PPA (if agreed to by Oman Power & Water Procurement Company (OPWP), or by selling the power into an electricity pool which may exist at that time.


PROJECT TIMELINE
2009 - 2018
11 July 2009
Request for proposal issued by OPWP.

30 May 2010
Declaration as 'preferred bidder'

24 September 2010
Final Notice to Proceed to the Engineering, Procurement, Construction Contractor (EPCC).

30 September 2012
End of early power period.

24 March 2014
Inauguration under the patronage of H.E. Mohammed bin Salim bin Said Al Tobi, Minister of Environment and Climate Affairs, Sultanate of Oman.

08 December 2009
Bid submission.

10 August 2010
Signing of the Power Purchase Agreement.

03 June 2012
Early power Commencement Date.

03 April 2013
Project Commercial Operation Date achieved.

23 June 2014
First Listing on Muscat Stock Market