New US$1 billion SOHAR power plant is key to Port's expansion
• Construction in full swing on Oman’s second largest power plant
• Commercial operation to commence in less than two years
• Gas turbine project with capacity of over 1,700 Megawatts
06 April 2017 - Dubai UAE: Work is progressing fast on the construction of SOHAR III, a green-field, integrated combined-cycle gas turbine power plant located in SOHAR Port. The project is valued at over US$1 billion and is on track to commence commercial operations by January 2019. With more than enough capacity to power new developments in the recently announced SOHAR Port South and SOHAR Freezone Phase II expansions, the new plant will have a power output of over 1,700 Megawatts, making it Oman’s second largest power station.
Developed by Shinas Generating Company SAOC, the project is in partnership with Mitsui, ACWA Power and Dhofar International Development and Investment Holding. The sole off-taker will be Oman Power and Water Procurement Company, who will supply the power produced to Oman’s national grid.
Mark Geilenkirchen, SOHAR CEO, explained the importance of the new plant to SOHAR: “We have seen sustained double-digit growth in SOHAR for over twelve years now, and we are 100% on track for continued expansion. Our role is to ensure that world-class infrastructure is in place before our incoming tenants require it, so they do not experience delays when commencing production. In times of budgetary constraints right across the GCC, SOHAR has once again shown it is possible to develop, finance, build, own and operate a large-scale high performance power plant like this one with a significant share of private investment. Since we started operations here in 2004, public-private partnerships have been at the core of our success story - made in SOHAR.”
SOHAR Freezone CEO, Jamal T. Aziz, added: “The first phase of SOHAR Freezone is practically leased out and our technical teams are now busy planning phase-two. The current levels of international interest from investors, especially in the food and logistics sectors is phenomenal and sufficient network power at reasonable rates is a prerequisite to the continued smooth growth of SOHAR Freezone.”
Home >> Energy and Industry Section
Hitachi Energy announces over $100 million in modernization and upgrade of power ...
Emirates Park Zoo & Resort showcases commitment to sustainable tourism at Arabia ...
5th e-learning initiative offers talent horizons of creativity and innovation
du introduces du Smart Car, an innovative WiFi device with remote monitoring and ...
Exciting Lineup of Recreational Events and Educational Activities at Mohammed Bi ...
Visit Qatar to take centre stage at Arabian Travel Market
Maserati and GranCabrio Trofeo at the Motor Valley Fest 2024
Mitch Evans Thrilled To Seal First Formula E Win Of The Season
Liali Shines Brighter: New Boutique, Brand Identity and Collection to start a Ne ...
Tanishq Ready For Akshaya Tritiya Gold Rush
DAE announces Financial Results for the three months ended March 31, 2024
Panasonic Launches SMARTCARE World; Holds Strategy Conference, Technical Olympic ...
Mohamed Al Hussaini Meets World Bank Vice President for the Middle East and Nort ...
EGA hosts world leading alumina experts for global technical forum in Dubai
Dubai Customs Clinches Two Prestigious Global Awards for Governance Excellence
Dubai Future Foundation launches the second Design Gov Program
‘Eclipse' Timepiece Redefines Feminine Charm
Turkish Airlines, Airbus and Rolls-Royce to Strengthen Partnership
Immerse Yourself In The Enchanting Allure Of Spring With The "Sakura Colle ...