Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Sur IPP likely to be fully commissioned by Q3  Join our daily free Newsletter

MENAFN - Muscat Daily - 07/07/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Muscat Daily) The Sur Independent Power Project (IPP), currently the largest power project in Oman, is expected to be fully commissioned by the third quarter of 2014, adding a total of 2,000MW to the sultanate's contracted capacity.

In its recently released annual report, Oman Power and Water Procurement Co (OPWP), the sole purchaser of power gen­eration and related desalinated water capacity in Oman, highlighted the commissioning of the Sur IPP as one of its key ­priorities for 2014.

During 2013, OPWP contracted temporary generation for the Main Interconnected System (MIS) to provide system support, as ''this was necessary due to construction delays rel­ating to the Sur IPP's early power units''.

OPWP also said that the Al Ghubrah Independent Water Project (IWP), which is owned by Muscat City Desalination Co and is currently under construction, is ''expected to achieve a commercial operation date by the first quarter of 2015''. The plant has a contracted desalination capacity of 191,000m3/d (42 MIGD) using Reverse Osmosis (RO) technology.

''Under the changes to the sector law (RD47/2013), this project (Al Ghubrah IWP) is the first to be classified as a project of 'special nature' and will be fully regulated as a licensed entity by the Authority of Electricity Regulation,'' OPWP added.

Among OPWP's other key priorities for 2014 are issuing requests for proposals (RFPs) and the signing of power and water purchase agreements for the Salalah 2 IPP, Musandam IPP and Qurayyat IWP.

OPWP said, in the report, that it has conducted an extensive coastal study across the country to identify potential suitable sites for power and water production over the next 30 years. ''A total of 56 sites have been shortlisted for further evaluation in accordance with the relevant authority.''

The company said that following the early recommendations of the coastal study, a shortlist of sites - including Ibri, Sohar and Suwaiq - are being investigated to establish a suitable location for up to 2,850MW of new power capacity and 50 MIGD of new water capacity.

''Power capacity is needed in two tranches of 740MW for 2017 and a minimum addition of 1,860MW for 2018. The added capacity leading to 2,850MW is required to be completed through 2018. It has been planned to use natural gas fuel and procure capacity and output under a 15-year PPA. The water project is planned to be located on the coast in Sohar, provided land can be made available. The planned capacity of the 50 MIGD is to be available by July 2018 under a 20-year Water Purchase Agreement (WPA),'' OP


 


Muscat Daily




  MENA News Headlines
 Jan 28 2015 - Gulf states to rethink monetary policyMENAFN
(MENAFN) Gulf Arab oil states may need to rethink longstanding economic policies, including their fixed exchange rates, over the next five to 10 years as economic cycles in the region and the US ...

 Jan 28 2015 - DIB picks arrangers for potential Tier 1 sukukKhaleej Times
(MENAFN - Khaleej Times) Dubai - Dubai Islamic Bank, or DIB, said on Tuesday that it picked eight banks to arrange roadshows from January 8 for a potential benchmark size dollar-denominated sukuk ...

 Jan 28 2015 - What next for Londonium and Barclays?Khaleej Times
(MENAFN - Khaleej Times) I have tried to visit Britain on the eve of every general election since the end of the Thatcher era (by Tory regicide, not the ballot box) in November 1990 in search of ...

 Jan 28 2015 - Emirates NBD - holding the banking fortKhaleej Times
(MENAFN - Khaleej Times) The banking industry looks set to sustain positive trends this year due to strong macroeconomic economic indicators, sufficient liquidity and low interest rates in the ...

 Jan 28 2015 - China pumps cash into banks in a bid to accelerate growthKhaleej Times
(MENAFN - Khaleej Times) Beijing - China's central bank has bolstered support for the cooling Chinese economy by injecting another 50 billion yuan ($8.1 billion) worth of short-term loans into banks ...

 Jan 28 2015 - Union National Bank posts 16% jump in annual earningsKhaleej Times
(MENAFN - Khaleej Times) People walking past a Union National Bank branch in Dubai. The total assets of the UNB Group increased by seven per cent in 2014 to Dh93.5 billion as at December 31, 2014. - ...

 Jan 28 2015 - Gulf Arab countries may need to rethink policy: Qatari bankerKhaleej Times
(MENAFN - Khaleej Times) Dubai - Gulf Arab oil states may need to rethink longstanding economic policies, including their fixed exchange rates, over the next five to 10 years as economic cycles in ...

 Jan 28 2015 - GCC retail sector on growth pathKhaleej Times
(MENAFN - Khaleej Times) Dubai - GCC retail sales are expected to grow at a 7.3 per cent compound annual growth rate (CAGR) between 2013 and 2018 to reach $284.5 billion, according to Alpen ...

 Jan 28 2015 - Dubai International airport crowned as world's busiestKhaleej Times
(MENAFN - Khaleej Times) The airport's passenger numbers boosted by 6.1 per cent to 70.5 million in 2014 and pushed the Heathrow down to the second position as London's top airport handled 68.1 ...

 Jan 28 2015 - Sharjah's Dh17.7b budget to ensure economic upliftKhaleej Times
(MENAFN - Khaleej Times) Sharjah - His Highness Dr Shaikh Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, on Tuesday approved the 2015 general budget of the emirate ...

more...


 






Google

Electronic & Mobile Payment

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help