{"id":76502,"date":"2023-03-15T02:00:34","date_gmt":"2023-03-15T02:00:34","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/03\/15\/omans-opwp-awards-500-mw-solar-project-to-sembcorp-jinko-jv\/"},"modified":"2023-03-15T02:00:34","modified_gmt":"2023-03-15T02:00:34","slug":"omans-opwp-awards-500-mw-solar-project-to-sembcorp-jinko-jv","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/03\/15\/omans-opwp-awards-500-mw-solar-project-to-sembcorp-jinko-jv\/","title":{"rendered":"Oman\u2019s OPWP awards 500 MW solar project to Sembcorp-Jinko JV"},"content":{"rendered":"

<\/a> Oman\u2019s OPWP picks developer for Manah 2 solar plant: <\/strong>A JV made up of Singapore\u2019s Sembcorp Utilities<\/a> \u2014 a subsidiary of Sembcorp Industries \u2014 and China\u2019s Jinko Power<\/a> will develop the 500 MW Manah 2 solar plant in Oman under a build-own-operate model, according to a company statement<\/a>. The JV \u2014 which is 80% owned by Sembcorp Utilities \u2014 also signed a 20-year power purchase agreement with Oman\u2019s Power and Water Procurement Company (OPWP).<\/p>\n

The details: <\/strong>Construction of the two projects will begin in 3Q 2023<\/a> and commercial operations will be completed by the middle of 2025. The combined cost of the projects will amount to over OMR 300 mn (c. USD 780 mn) and will be the largest in the sultanate.<\/p>\n

Where\u2019s the money coming from? <\/strong>This project will be financed through the JV\u2019s funds and external loans, according to the statement, with no impact expected on Sembcorp\u2019s earnings for the financial year ending December 31, 2023.<\/p>\n

Oman and Sembcorp aren\u2019t strangers:<\/strong> The project marks Sembcorp\u2019s first foray into MENA\u2019s renewables sector but the company owns 40% of Oman\u2019s Salalah Independent Water and Power Plant, the statement notes.<\/p>\n","protected":false},"excerpt":{"rendered":"

Oman\u2019s OPWP picks developer for Manah 2 solar plant: A JV made up of Singapore\u2019s Sembcorp Utilities \u2014 a subsidiary of Sembcorp Industries \u2014 and China\u2019s Jinko Power will develop the 500 MW Manah 2 solar plant in Oman under a build-own-operate model, according to a company statement. The JV \u2014 which is 80% owned […]<\/p>\n","protected":false},"author":1,"featured_media":76503,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[171],"tags":[69,11,92,88,1512,94],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar","tag-china","tag-enterpriseclimate","tag-oman","tag-renewables","tag-singapore","tag-solar","wpautop","entry"],"acf":{"mongo_id":"3aad63f3-6a3c-472b-950e-1d350da25403","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/3\/791.jpg","photo_position":"above","related_issue":[76495],"teaser":"","voice_url":""},"yoast_head":"\nOman\u2019s OPWP awards 500 MW solar project to Sembcorp-Jinko JV - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/15\/omans-opwp-awards-500-mw-solar-project-to-sembcorp-jinko-jv\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oman\u2019s OPWP awards 500 MW solar project to Sembcorp-Jinko JV\" \/>\n<meta property=\"og:description\" content=\"Oman\u2019s OPWP picks developer for Manah 2 solar plant: A JV made up of Singapore\u2019s Sembcorp Utilities \u2014 a subsidiary of Sembcorp Industries \u2014 and China\u2019s Jinko Power will develop the 500 MW Manah 2 solar plant in Oman under a build-own-operate model, according to a company statement. 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