Renewable Energy Masdar and Acwa Power vie for Oman solar project By Pramod Kumar July 1, 2024, 5:01 AM Pexels/Gustavo Fring Oman's Nama Power received 12 submissions for qualification from local and international developers The UAE’s Masdar and Saudi Arabia’s Acwa Power have been shortlisted to develop Oman’s 500-megawatt (MW) Ibri III solar project. The plant, launched by Nama Power and Water Procurement Company, will be built at a cost of OR155 million ($401 million). NewsletterGet the Best of AGBI delivered straight to your inbox every week NewsletterGet the Best of AGBI delivered straight to your inbox every week The state-backed company received 12 submissions for qualification from local and international developers, of which nine were either conditionally or unconditionally qualified following a rigorous evaluation process. Other shortlisted candidates are Total Energies, International Power (Engie), EDF Renouvelables and Korean Western Power, Sumitomo Corporation, Jinko Power, Sembcorp Utilities, Al Riyadh National Trading and Korea Midland Power. Oman plans fourth large-scale solar power park Masdar buys Greece’s biggest investor in renewables Acwa Power secures $3bn for Saudi renewable projects This is the fourth solar independent power producer (IPP) that the group has tendered, following the Ibri II solar IPP becoming operational from summer 2021 and the under-construction Manah I and II solar IPPs. Nama Power is working to finalise the proposal request, which will soon be issued to the above-listed prequalified applicants. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
