Al Kamil, OPWP extend power purchase deal
MUSCAT, February 19, 2017
Al Kamil Power Company has signed an agreement for extending the power purchase agreement with Oman Power and Water Procurement Company (OPWP) under revised terms and conditions, media sources said.
The agreement is now extended up to December 31, 2021, Times of Oman reported, citing a disclosure statement posted on Muscat Securities Market (MSM) website.
“Extensions are being negotiated only on a guaranteed capacity basis at economic commercial terms, and all plants have completed independent technical evaluations to confirm the capacity on offer,” Oman Observer quoted OPWP as saying in its 7-Year Outlook Statement for the 2016-2022 timeframe.