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  • Bids Submitted for Ibri & Sohar III Independent Power Projects

    31 August 2015

    Bids were submitted for the design, build, financing and operation of two power plants in Oman on August 30, 2015.

    Ibri and Sohar III are steam electric cogenerational plants with a combined capacity of around 2,650MW which have been commissioned by the Oman Water and Power Procurement Company as part of the Emirate’s endeavour to become more self-sustaining. Sohar III is planned to become fully operational in January 2019, with Ibri following three months later.

    In support of the bid made by a consortium comprised of Marubeni, Chubu, Nebras and Multitech, Operis were pleased to undertake an audit of the financial model which included a review of the model’s tax and accounting treatments to Omani regulations.

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