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 - 2024

  • 200911 July 2009

    Request for proposal issued by OPWP.

  • 200908 December 2009

    Bid submission.

  • 201030 May 2010

    Declaration as 'preferred bidder'

  • 201010 August 2010

    Signing of the Power Purchase Agreement.

  • 201024 September 2010

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

  • 201218 August 2012

    Early power Commencement Date.

  • 201230 September 2012

    End of early power period.

  • 201304 April 2013

    Project Commercial Operation Date achieved.

  • 201424 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.

  • 201423 June 2014

    First Listing on Muscat Stock Market