Sohar Power Company
In October 2012, MENA Infrastructure Fund entered into an agreement to acquire 20% of the share capital of Sohar Power Company SAOG (SPC) from GDF SUEZ (10%), WJ Towell & Co LLC and Zubair Corporation LLC (5% each).
SPC owns and operates the Sohar Independent Water and Power Project (IWPP) in the Sohar Industrial Port area of Oman. Sohar IWPP has 585 MW of combined-cycle gas-fired power generation and 150,000 m3 of water desalination capacity. In 2004 the project was awarded to a consortium of GDF SUEZ and a number of local Omani shareholders, as a Build, Own and Operate (BOO) project under a 15 year Power and Water Purchase Agreement (PWPA) with the state owned Oman Power and Water Procurement Company (OPWP). SPC is listed on the Muscat Securities Market, with 35% of its equity capital being publicly traded.