ACWA Power signs an agreement to develop Phase 2 of Salalah IPP
ACWA Power, Riyadh based global leading water and power developer, owner and operator across 10 countries, signed an agreement to establish Salalah Independent Power Plant (Phase 2) which will have an installed capacity of 445 MW. The agreement’s signing ceremony held on Monday evening in Muscat and attended by His Excellency; Shaikh Saif bin Mohammed al Shabibi, Minister of Housing, also included ACWA Power’s acquisition of the existing Dhofar Power Plant, which has an output of 273MW.
The agreements were signed by Mohammed Abunayyan, Chairman ACWA Power, Engineer Ahmed Bin Saleh Al Jahdhami, CEO of OPWP, Tariq Abdulhafidh Al Ujaili, Vice Chairman, Dhofar International Development and Investment Holding Co and Kazuhiro Hashimura, General Manager of Mitsui & Co., Ltd.
The new natural gas-fired combined cycle power plant – estimated at 2.32 Billion Saudi Riyals ($620 Million USD) – will have an installed capacity of 445 MW and will be connected to the existing Salalah grid. According to the agreement, OPWP will have the right to buy the generated electricity over a period of 15 years. The plant is planned to be commercially operated by beginning of 2018.
From his end, Thamer Al Sharhan, Managing Director ACWA Power said:
From his end, Thamer Al Sharhan, Managing Director ACWA Power said: