Meed | Nine prequalify for Oman’s Ibri 3

Nine prequalify for Oman’s Ibri 3

26 June 2024

Nama Power & Water Procurement Company (Nama PWP) has prequalified nine companies that can bid for the contract to develop and operate the sultanate’s next solar independent power producer (IPP) project, Ibri 3.

The prequalified developer companies and teams are:

Abu Dhabi Future Energy Company (Masdar, UAE)
Acwa Power (Saudi Arabia)
Al-Riyadh National Trading and Korea Midland Power (Komipo, South Korea)
Jinko Power (China)
Sembcorp Utilities (Singapore)
TotalEnergies Renewables (France)
EDF Renewables (France) / Korean Western Power (Kowepo, South Korea)
International Power (Engie, Japan)
Sumitomo Corporation (Japan)

Nama PWP received prequalification applications for the Ibri 3 solar photovoltaic (PV) IPP contract in March, as MEED reported.

The 500MW scheme is Oman’s fourth utility-scale solar power plant project.

KPMG Lower Gulf, a subsidiary of the Netherlands-based consultancy company, has been selected to provide Nama PWP with financial advisory services for the Ibri 3 solar IPP project.

Previous projects

The country’s first 500MW solar IPP scheme, Ibri 2, came onstream in September 2021 and was officially inaugurated in January 2022.

Construction work has started or is about to begin for the Manah 1 and Manah 2 solar IPP projects, each with a capacity of 500MW.

The two 500MW solar plants are expected to be operational by 2025 and will be backed by a 20-year power-purchase agreement with Nama PWP.

A team comprising France’s EDF and South Korea’s Korea Western Power Company (Kowepo) won the contract to develop the Manah 1 solar PV IPP project.

A team of Singapore’s Sembcorp Industries and China-headquartered Jinko Power Technology was awarded the second 500MW solar PV IPP contract.

Future projects

In addition to the Ibri 3 solar IPP project, the prequalification process is under way for five wind IPP projects in the sultanate.

Solar power installed capacity accounts for an estimated 5.5% of Oman’s total installed power generation capacity of approximately 12,600MW. The sultanate aims to increase this ratio six-fold by 2030.

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Jennifer Aguinaldo