Mubasher: Mitsui & Co., Acwa Power Barka, and Dhofar International Development and Investment Holding Co. submitted were awarded a $2.3 billion power plant project in Oman, according to a recent statement.
Under the contract, the consortium will develop the Ibri, Sohar-3 power generation projects.
Demand for electric power in Oman is increasing rapidly because of the economic growth driven by the oil and gas sector.
Mitsui, as the lead investor with a 50.1% shareholding and the managing member of the Consortium, will help to meet the demand by newly constructing two natural gas-fired combined cycle power plants with a total capacity of 3,150 megawatts.
The power plants will be supplying approximately 30% of the electricity that will be consumed in the Muscat area once the commercial operation starts.
