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Sohar International, NBO leads $720m refinancing facility for Phoenix Power

Tue, 01 Sep 2026

Sohar International and National Bank of Oman (NBO) have agreed a $720 million syndicated refinancing facility for Phoenix Power Company SAOG (PPC), following the 15-year extension of its Power Purchase Agreement (PPA) with Oman Power and Water Procurement Company (OPWP).