U.S. energy giant awarded Omani power and electricity contract
A $411 million contract for the construction and operation of an electricity and water desalination plant in Oman has been awarded to the U.S.-based AES Corporation, said officials in Muscat.
Located at Barka, which is 80 km west of the Muscat, the gas turbine plant will generate 427 megawatts and have a water desalination capacity of 76 million liters per day.
AES, which will develop the project jointly with local firms, will be awarded 25-year concession from the scheduled start-up date of April 2003. Under the contract between AES and the government of Oman, the government will purchase the output of the plant for 15 years and the project partners will sell 25 per cent of the shares to the public after the fourth year.
AES is one of the world’s leading power company, with activities in Argentina, Australia, Bangladesh, Brazil, Canada, China, Dominican Republic, El Salvador, Georgia, Hungary, India, Kazakhstan, the Netherlands, Mexico, Pakistan, Panama, the United Kingdom, the United States, Venezuela, and now Oman.
The company currently operates 128 power plants, generating more than 44 gigawatts of capacity. AES' electricity distribution network has more than 954,000 km of conductor and associated rights of way and sells over 114,000 gigawatt hours per year to over 15 million end-use customers. – (Albawaba-MEBG)
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