Muscat, FEB 2 - Duqm Power Company, a joint venture between the Central Utilities Company (Marafiq), which forms part of the Energy Infrastructure pillar of Oman Oil Company, and Gulf Pacific Holding Company signed five agreements linked to the implementation of an integrated power and water project in Duqm.
Total investment is estimated at $480 million with an initial phase expected to come on stream in Q3 2020.
Also at the signing, a usufruct agreement was signed granting a plot of land for the development of the project within the Duqm Special Economic Zone (SEZ) for a period of 25 years. The land use agreement was signed by Yahya bin Saeed al Jabri, Chairman of the Board of the Duqm SEZ Authority (SEZAD) and Duqm Power Company, represented by Eng Isam bin Saud al Zadjali, CEO of Oman Oil Company.
On behalf of the company, Sultan bin Hamad al Burtamani, CEO of Oman Gas Company, and Eng Abdullah bin Mohammed al Hashemi, General Manager of Mafteeq Company, signed a long-term service agreement with Siemens for the maintenance of industrial turbines for a period of 25 years.
Several EPC contracts were also initialled during the ceremony. It includes a contract for the engineering, procurement and construction (EPC) of the integrated power and water plant, along with associated utilities, with a consortium of companies composed of Al-Ghanim International Kuwait, Cobra Group (Spain), Tadagua (Spain) and Sojitz (Japan).
The Duqm Integrated Power and Water Project will come up on a 45-hectare site located adjacent to Duqm Refinery and Petrochemical Industries Complex. It is the first project of its kind by Oman Oil Company in the energy infrastructure sector and will support the Group’s strategic vision to play a major role in the development of convention and renewable power generation facilities in the Sultanate.
The EPC contractors will design, supply, construct, test and operate a 326 MW combined cycle and gas-fuelled electricity generation plant.
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