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Saturday, September 19, 2009

First coal fired electricity generation plant in Oman

Friday, 18 Sep 2009

Reuters reported that Oman has awarded technical and financial advisory contracts for the 1,000 MW Duqm power station, paving the way for the first coal fired electricity generation plant in the Gulf Arab state.

Mr Jim Liedh a consultant based in Muscat at Worsely Parsons said that "We confirm that we got the technical advisory contract for the Duqm power plant." He added that the deal was worth OMR 324,638.

A KPMG official also confirmed that the company won a financial advisory deal worth OMR 418,511.

An official from the state run Public Authority for Electricity and Water said that "The 2 contracts mean that we are going ahead with Oman's first coal fired power project at Duqum."

Last month, Oman said that it will privatize existing power stations and invest about USD 8 billion in new power projects to diversify away from its oil based economy.

According to Public Authority for Electricity, Oman is developing 5 projects aimed at boosting electricity generation where demands are rising about 15% annually. Total consumption to June 2009 reached 3,600 MW, 16% more than the same period in 2008 YoY.

(Sourced from Reuters)

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