OPWP expects to issue request for qualification tender for the project in the second quarter this year and request for proposals in the third quarter of this year.
"We expect the Spot Market to go live towards the end of 2020," said Brian Wood, Director Planning & Economics,
OPWP.
Prospective contract extensions correspond to capacity that is scheduled to fall out of contract, but that may be offered to
OPWP by the plant owner for a new contract term.
Yaqoob bin Saif Al Kiyumi, chief operating officer of
OPWP, said that his company has already started ground work for the project, which will be developed by an independent power producer.
'As part of
OPWP's strive to utilise the potential of renewable sources, the company seeks proposals from interest bidders to carry out a wind resource assessment campaign to cover multiple sites within the sultanate',
OPWP said in a tender announcement.
In line with Oman's vision to diversify fuel resources for power generation and following the ongoing procurement of the first large utility scale PV IPP in Oman,
OPWP stated,
The Mitsui-led consortium has tight deadlines to complete these two projects as
OPWP is trying to generate power within two years.
Slated for commercial operation in April 2018, the independent water project will increase Oman's water capacity by 20 per cent, said Ahmed bin Saleh Al Jahdhami, chief executive officer (CEO) of Oman Power and Water Procurement Company (
OPWP), at an agreement signing ceremony.
Speaking to Muscat Daily, Yaqoob Saif al Kiyumi, chief executive officer of
OPWP said there are six IPOs in the pipeline to be launched in next two years by the developers of water and power projects.
OPWP announced the qualification process for developers through the launch of a request for qualification (RfQ) tender.