Dubai PR Network, Online Press Release from Dubai and Middle East
 
Oil & Gas(Energy and Industry)
Filter PR by
  
New US$1 billion SOHAR power plant is key to Port's expansion
 
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.” 

 


Posted by : Dubai PR Network Editorial Team
Viewed 12096 times
PR Category : Energy and Industry
Posted on : Thursday, April 6, 2017  10:40:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : China National Petroleum Corporation (CNPC) to Open Regional...
Next Story : BB Energy Acquires Australian Oil Terminal Pioneer Energy
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
100% Vegan New… Body Yogurts 15 Seconds to Glowing Healthy-looking Skin Spoon It on [14664-Views]
Therése Neaimé- Sold to perfection [13176-Views]
Linda Paradis brings non-invasive ink removal to Dubai [11645-Views]
Timeless Ties [7771-Views]
Sony's PXW-Z280, World's first 4K 3-chip Camcorder with new 1/2-type Exmor R CMOS Image Se... [7338-Views]
Martin Hoping for Amstel Gold as Irishman Leads Team to Ardennes Classics [7332-Views]
IKEA announces latest INDUSTRIELL and HJÄRTELIG Collections [7283-Views]
HP's New High-Performance Workstations Push Creative and Technical Workflows to the Limit [6802-Views]
Tommy Hilfiger's SS2018 men's and women's watch collection [6734-Views]
COLAB - Dry Shampoo [6179-Views]
Boss watches presents the Ocean Edition [6161-Views]
Al-futtaim Names Its New Dubai Lifestyle Mall – ‘Festival Plaza' [6088-Views]
The Chronofighter Grand Vintage by Graham is exactly as big as it appears in the mirror [6088-Views]
Accessories Collection 2018 Gentleman Attitude [5978-Views]
Skyline Mega Fitness Challenge Sparked Positivity and Happiness [5813-Views]
ORANGE & BERGAMOT Awaken the Cult Icon New Additions [5600-Views]
MG Motor and Al Yousuf Motors Open New Dubai Showroom [5527-Views]
Latifa bint Mohammed visits PCFC's stand at DIGAE, hails state-of-art initiatives [5039-Views]
Summertime Beauty Picks at Glambeaute.com [4959-Views]
FOREO delivers the ultimate festival survival kit for a glow-on-the-go. [4850-Views]
Samsung launches Exciting Smartphone Trade-In Program with Galaxy S9 or S9+ [4813-Views]
Sony unleashes refined creativity with the new FS5 II [4715-Views]
Get the best bargains at Dragon Mart's End of Season Clearance Market [4624-Views]
Dubai-based Al Kasir Group launches three Crypto assets backed by diamonds [4246-Views]
Skyline University College Economics Day 2018: One Step towards Tomorrow [4044-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories