Oman Oil Co., the sultanate's energy investment arm, through its subsidiary has signed a partnership agreement with Thailand-based Gulf Energy Development to develop an independent power and water project in Duqm, Oman.
Duqm independent power and water project will be a gas-fired power project with an installed power generation capacity of 326 MW and an installed water generation capacity of 1667 m3/hr. The project is a partnership between Oman Oil's subsidiaries where they will hold 55%and Gulf Energy Development's subsidiary, which will own 45%.
The project is located in Duqm Special Economic Zone and has secured a long-term power and water purchase agreement to generate and supply electricity and water to Duqm Refinery.
Total project cost for Duqm independent power and water project is US$483 million, according to Gulf Energy Development's disclosure. The project will gradually begin commercial operation in three phases, from July 2020 to May 2022, in accordance with Duqm Refinery's electricity and water consumption plan.
Read the article online at: https://www.hydrocarbonengineering.com/refining/04102018/oman-oil-gulf-energy-sign-deal-for-duqm-refinery-power-project/