January 8 (Renewables Now) - Petroleum Development Oman (PDO) on Thursday issued a call for Expressions of Interest (EOI) for the development, construction and operation of a 100-MWp solar park.
The company will award, after a tender, a 23-year power purchase agreement (PPA) for the entire output of the solar power plant.
The facility in Amin, southern Oman, will be constructed under the build-own-operate-transfer (BOOT) model and will have to be installed in 18 months. The winner in the tender will be in charge of the design, construction, financing, operation and maintenance of a photovoltaic (PV) park during the PPA's term.
The EOI will be open until January 31, while the tender period for the project will be of about three months. PDO will evaluate bids in May and it plans to announce the winner in June.
The scheme will be PDO’s first renewable energy independent power project (IPP). It will be financed through a combination of sponsor and third-party equity and non/limited recourse debt.
PDO noted that in order to take part in the competitive process, bidders must have a minimum tangible net worth of USD 50 million (EUR 41.6m) and should also have completed at least two large-scale solar IPP projects totalling 100 MWp in direct current (DC). In addition, bidders have to prove their ability to finance a project of over USD 100 million.
The full list of qualification criteria is available here.
PDO is also involved in the 1,021-MWp Miraah concentrated solar thermal project in Oman. The solar PV tender by the company came roughly a week after the Oman Power and Water Procurement Company (OPWP) launched a request for qualifications (RfQ) for a 500-MW solar project.
(USD 1.0 = EUR 0.832)