SSPWC

AcronymDefinition
SSPWCStandard Specifications for Public Works Construction
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SSPWC has been in full commercial operation since May 2012 and is the largest and most energy-efficient power and water plant in the Dhofar Governorate in Oman with a net power capacity of a 489 MW and water capacity of 15 million imperial gallons per day.
Hussein bin Ali al Raisi, CEO of al Amin Securities said that SSPWC share is of good yield in the long term investment, adding that the company is promising in dividends in the coming period.
He noted that the agreements signed by the Government of Oman during November 2009 with the Sembcorp Salalah Power and Water Company (SSPWC), owned by both Singapore Sembcorp and Oman Investment Corporation, resulted in that SSPWC constructed Mirbat's Station for Power Production and Water Ddesalination in build/own/operate system, while Oman Power and Water Procurement Company will buy the power and water produced by the station according to a 15 year purchase agreement from the date of commercial operation of the project.