Desalination PPP project in Oman achieves financial close

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

JGC Corporation, United Infrastructure Development Company (part of Bahwan Engineering Group) and Doosan Heavy Industries & Construction have achieved financial close of the Sharqiyah Independent Water Project (IWP) in Oman. 

The Sharqiyah IWP involves the construction, operation and maintenance of a reverse osmosis seawater desalination plant that will sell approximately 80,000m3 of desalinated water per day for 20 years to the Oman Power and Water Procurement Co. SAOC (OPWP) – the single buyer of power and water for all independent power and water projects within Oman.  

This is the first project of its kind in the Middle East, as the desalination plant will be developed in conjunction with a dedicated solar photovoltaic facility, which will contribute power to the desalination process.  

MUFG Bank, Sumitomo Mitsui Trust Bank and Shinsei Bank financed the JPY20 billion (~US$175 million) project. Nippon Export and Investment Insurance (NEXI) provided the loan insurance – the first time they have provided insurance for a seawater desalination plant project in Oman. The sponsors received legal advice from Hogan Lovells.

List of the country updates

Country updates

  • August 14, 2018

    Eight bidders prequalified for water PPP in Oman

    Oman Power and Water Procurement Company SAOC (OPWP) has prequalified eight teams to develop a desalination plant with capacity to treat approximately 300,000m3/day, to be located at Al Ghubrah, ...

    Read more
  • August 10, 2018

    RFQ published for two independent water projects in Oman

    Oman Power and Water Procurement Company SAOC (OPWP) has published a Request for Qualifications (RFQ) for the development of two desalination plants in the Al Batinah region of the country, locat...

    Read more
  • July 23, 2018

    JGC-led consortium wins US$175 million desalination project in Oman

    JGC Corporation has announced that Al Asilah Desalination Company S.A.O.C (Asilah), in which JGC is the major shareholder, has received an award to build, own and operate a seawater desalination...

    Read more
  • April 20, 2018

    The ACWA Power-led consortium has signed an Water Purchase Agreement for the project

  • April 03, 2018

    11 companies and teams have responded to the RFQ for the project

Share this update