A consortium consisting of Marubeni, Oman Gas Company, Bahwan Renewable Energy Company and Modem Channels Services recently submitted their bid to Petroleum Development Oman LLC to build, own and operate a 100MW solar plant in Amin, which is located in the southern region of the Sultanate of Oman.
Construction is due to commence in December 2018, with completion expected in early 2020. Once operational, the Amin Solar plant will provide power to Petroleum Development Oman for the next 23 years.
Operis were pleased to perform a financial model audit on behalf of Marubeni, which included a review of the model’s tax and accounting accounting treatments.