State investment firm Oman Oil Company has signed a partnership deal with Thailand’s Gulf Energy Development to build a power and water plant project in Duqm.
Duqm independent power and water project will have an installed capacity of 326MW and 1,667 cubic metres per hour water facility is a partnership between Oman Oil Company’s (OOC) subsidiaries where they will hold 55 per cent and Gulf Energy Development’s subsidiary which will own 45 per cent, OOC said on Twitter.
The agreement was signed by Eng. Isam Al-Zadjali, CEO of Oman Oil Company, and Sarath Ratanavadi, CEO of Gulf Energy Development.
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.
This project will be the first captive power plant developed by Oman Oil’s Infrastructure Vertical.
The project will also support Oman Oil’s Infrastructure Vertical strategic vision to play a key role in the development of conventional and renewable power generation in Oman.
It also highlights the integration approach which Oman Oil is developing through projects that would create added value through the whole energy chain.
Gulf Energy Development is one of Thailand’s largest power generation developers, producers and operators.