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Closing ceremony held for the financing of Salalah-2 IPP project in Oman

Oct. 14, 2016


Mitsui & Co. has joined Saudi Arabian utility company ACWA Power, and Dhofar International Development and Investment Holding SAOG in undertaking the Salalah-2 IPP project, located in the Salalah Industrial Area of southern Oman. On September 22, 2016, a ceremony was held in Dubai to commemorate the closing of financing for the project. Guests from the deal advisors and syndicate of lending banks, as well as business sponsors, were among the seventy people who attended the lively ceremony.

The power generation business will include the stable operation of a previously acquired 273MW power plant located in the Salalah Industrial Area in the Dhofar Governate, together with the construction of a new 445MW combined-cycle power plant on a site adjacent to the existing plant and we are continuing with construction site management*¹ with the aim of starting commercial operations as early as possible.

*¹ Construction site management: inspections to ensure that construction is being undertaken according to design blueprints, that construction is progressing according to the master schedule, etc.

Mitsui & Co. Second Projects Development Div. GM Kazuhiro Hashimura delivers a speech as consortium leader on behalf of the three shareholding companiesMitsui & Co. Second Projects Development Div. GM Kazuhiro Hashimura delivers a speech as consortium leader on behalf of the three shareholding companies