Mitsui to develop $2.3bn gas power plant in Oman

Mitsui & Co has announced it is to lead a consortium that has been awarded a $2.3bn power plant project in Oman.

The consortium will build the 3.15-gigawatt gas-fired combined cycle power generation units for Ibri and Sohar-3 power generation projects, the company said in a statement.
Mitsui holds 50.1 percent in the consortium, with 44.9 percent held by Saudi Arabia's ACWA Power and 5 percent by Dhofar International Development and Investment Holding Co. SAOG (DIDIC).

The two power plants are set to start commercial operations in 2019, Mitsui said.

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