Oman sets mid-2021 to launch operations of biggest solar plan

Oman will launch operations of its biggest solar plan, Ibri II, by mid-2021, Trade Arabia reports.
The project located in near Ibri, the capital of the Dhahirah Governorate, is currently under construction. Acwa Power, Gulf Investment Corporation (GIC) and Alternative Energy Projects Company are in charge of constructions which began in the second quarter of this year.
Upon completion, Ibri II will generate about 1,300 gigawatt hours of power annually, enough to light around 33,000 homes and remove 340,000 tons of carbon dioxide emissions from the sultanate’s footprint per annum.
The cost, evaluated at $400 million is cover by Beijing-headquartered Asian Infrastructure Investment Bank (AIIB), Bank Muscat, in Oman, Riyad Bank, in Saudi Arabia, and sharia-compliant Kuwaiti lender Warba Bank, London-based Standard Chartered Bank, and Germany’s Siemens Bank.
Oman seeks to achieve reduction of use of fossil energy to generate its needed power. The plant is inscribed in the Sultanate’s Tanfeedh plans for economic expansion.

Short URL: http://me-confidential.com/?p=23054

Posted by on Aug 11 2020. Filed under Energy, Headlines. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Comments are closed