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| Background |
SMN Barka Power Company plans to develop a new power and desalination plant at Barka, as well as acquire Al-Rusail Power Company, an existing 665 MW power plant.
The project is implemented in two phases. First phase will produce 363 MW and phase two will increase the capacity to 678 MW of power together with 120 000 cu.m./d of desalinated water.
The IWPP will be developed on a BOO basis with the dedication of the capacity of the IWPP plant and the sale of its output to Oman Power & Water Procurement company under a power and water purchase agreement (PWPA).
The seawater desalination plant of Barka Phase II is based on reverse osmosis technology to be supplied by Degremont.
National Engineering Office (NEO) is the technical consultant of the project. |
| Latest Events |
On 14 November 2009, the project was completed and commercial operation started. The project's completion date was previously delayed from April 2009 to the end of September 2009. |
| Previous Events |
In April 2009, the open cycle turbines were commissioned and the steam turbines were under commissioning.
In September 2008, phase 1 was completed.
In October 2006, the EPC contract was awarded to Doosan Heavy Industries and Construction.
In October 2006, the BOO contract was awarded to the consortium of SuezSuez Tractebel, Mubadala DevelopmentMubadala Development & National Trading CompanyNational Trading Company.
In November 2005, request for proposal (RFP) for the BOO contract was issued. |
| Scope of Work |
Construction of a 678 MW power plant and a 120 000 cu.m./d desalination plant, including 3 gas turbines supplied by Ansaldo, of model GTV 94.2. |
| Financing Source |
On 14 March 2007 the developer consortium announced the completion of the limited-recourse financing of the SMN Barka Power Company, owner of the green-field Barka 2 IWPP combined with the acquisition of Al Rusail Power Company.
A syndicate of international and regional banks are providing the USD 800 million loans.
The syndicate was led by HSBCHSBC and SumitomoSumitomo Mitsui Banking Corporation, together with KBC, CalyonCalyon, Natixis, BNP ParibasBNP Paribas, Mashreq BankMashreq Bank, Arab Bank, GIBGIB, Bank MuscatBank Muscat, National Bank of Abu DhabiNational Bank of Abu Dhabi, KFW-Ipex, Bayern LB, West LB, Standard Chartered BankStandard Chartered Bank, and Mizuho.
The financing involved Barka 2, Al-Rusail and also covered the acquisition loan for the successful takeover of Al Rusail Power Company, which was transferred to the new owner on 31 January 2007.
ABN AMROABN AMRO acted as the financial advisor and leader of the consortium of advisors advising the government through Oman Power and Water Procurement company (PWP), composed of legal adviser Berwin Leighton and Paisner and technical advisor Black and Veatch. |
| Project News |
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