Aug 21 (Renewables Now) - Abu Dhabi-based renewable energy firm Masdar has signed a deal with a group led by US conglomerate General Electric (NYSE:GE) for the construction of the much delayed 50-MW wind project in Oman.
The wind park in Dhofar Governorate will be built by GE and TSK of Spain, which have won the engineering, procurement and construction (EPC) contract, the Emirates News Agency (WAM) said on Saturday. The project, a joint development between Masdar and state-owned Rural Areas Electricity Co (RAECO), was unveiled in the autumn of 2014. At the time the partners said the investment would amount to USD 125 million (EUR 106.3m) and that construction could start in the fourth quarter of 2015. It did not.
The Dhofar wind farm will consist of 13 GE turbines of 3.8 MW each, expected to produce enough electricity for 16,000 homes and save 110,000 tonnes of carbon dioxide (CO2) emissions annually. Its output will be sold to Oman Power and Water Procurement Company (OPWP).
The project will be financed by the Abu Dhabi Fund for Development (ADFD). Its implementation will move further forward after the signing of other related agreements in October, RAECO’s CEO Saleh bin Nasser Al Rumhi said, as quoted by the news agency.
According to an earlier report by Oman Observer, RAECO will own the wind power plant following completion.
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