ACWA Power, Mitsui & DIDIC Consortium win Salalah 2 IPP and acquires Dhofar Generating Company in Om
Oman Power and Water Procurement Company (OPWP) awarded the Salalah 2 Independent Power Project to a consortium of ACWA Power, Mitsui and Dhofar International Development & Investment Holding Company (DIDIC)(together, the Consortium) and the project related agreements are expected to be executed by mid April 2015.
The Salalah 2 IPP will have a high efficiency gas fired power generation plant that can deliver 445 MW of power, and will be located in Raysut, Oman. As part of this transaction, the Consortium will also acquire Dhofar Generating Company (DGC), which currently owns and operates an existing 273 MW natural gas fired power plant. Together these two new facilities will represent a significant boost to the Dhofar power grid.
ACWA Power established its presence in Oman through its acquisition of Barka1 IWPP in 2010, which is currently listed on the Muscat Stock Market as ACWA Power Barka. Since its acquisition by ACWA Power, ACWA Power Barka was awarded two water desalination expansion projects.
ACWA Power’s portfolio companies in Oman will now be responsible to deliver over 1,100 MW of power and 193,000 m3/day of desalinated water to OPWP.