Oman’s Petroleum Development Oman LLC (PDO) has issued an Expression of Interest (EOI) to select developers interested in building a 100 MW (AC) PV plant at Amin, in the southern desert region of the Sultanate of Oman.
POD said the project includes design, construction, ownership, financing, operation and maintenance of the plant, which will be constructed under a Build, Own Operate (BOOT) and Transfer framework.
It will be financed through a combination of sponsor and third party equity and non/limited recourse debt. The facility will be granted a 23-year PPA and will sell all of its generated electricity to POD.
Bidders must have, among other things, a minimum tangible net worth of $50 million and completed at least two large scale solar IPP projects with an aggregate capacity of 100 MW. The closing date of the EOI is January 31, 2018.
POD is owned 60% by the government of Oman, while the Shell Group and the French oil giant Total have a stake of 34% and 4%, respectively. The remaining share of 2% is held by the Portuguese oil company, Partex.
In late December, the country’s procurer of all new electricity and water capacity, the Oman Power and Water Procurement company (OPWP), issued a request for qualification (RFQ) to select developers interested in building a 500 MW solar PV project in Oman.
The project, which will be Oman’s first large utility-scale PV independent power project (IPP), will be located in Ibri, around 300 km west from Muscat, and will be built at an estimated cost of around $500 million.