Oman launches tender for 500-MW Ibri III solar project

Oman has kicked off a tender to award the development of the next large-scale solar project in the Sultanate -- the 500-MW Ibri III Solar PV IPP.

Nama Power and Water Procurement (PWP), the sole offtaker of electricity from independent power plants in Oman, on Tuesday issued a request for qualification (RFQ) targeting investors interested in the development of the fourth solar project in the country with a capacity of 500 MW at Ibri, northwest Oman.

Developers have until February 19 to submit a statement of qualification.

The solar park will be built on an area of about 10 million square metres in Al Dhahirah Governorate with commercial operation date planned for the last quarter of 2026.

The realisation of the project will cost about OMR 155 million (USD 402.6m/EUR 367.7m) in investment.

Ibri II, Oman's first 500-MW solar project, was inaugurated at the beginning of 2022.

In addition, the Arab country is advancing the development of the 500-MW Manah I and 500-MW Manah II solar projects. Earlier this week, a financial close was reached on Manah I.

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