IFLR1000

Salalah 2 IPP

8/7/2015
Project development, Project finance
Select tab

$ 650 million

Completed

8/7/2015

Overview:

  • Salalah 2 IPP.
  • The project consists of the construction of a new 445MW gas power plant and the acquisition and redevelopment of an existing 253MW power plant in Raysut.
  • The project is being developed by a consortium of Mitsui, ACWA Power and Dhofar International Development and Investment (DIDIC).
  • Standard Chartered, Mizuho Bank, KfW IPEX-Bank, Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank, Bank Muscat and Bank Dhofar acted as lenders on the financing.

Sam Duke - Editor

Jurisdictions:

Oman
United Arab Emirates

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Governing law:

England and Wales

Industry sector:

Energy

Firms:
Al Busaidy Mansoor Jamal & Co

Party: Mizuho Bank (Lender)

Party: Standard Chartered (Lender)

Party: KfW IPEX-Bank (Lender)

Party: Sumitomo Mitsui Banking Corporation (Lender)

Party: Sumitomo Mitsui Trust Bank (Lender)

Party: Bank Muscat (Lender)

Party: Bank Dhofar (Lender)

Lawyers: Mansoor Jamal Malik, Marcus Alexander Kemal Pery

Allen & Overy

Party: ACWA Power (Project developer, Sponsor)

Party: Mitsui (Project developer, Sponsor)

Party: Dhofar International Development and Investment (DIDIC) (Project developer, Sponsor)

Shearman & Sterling

Party: Mizuho Bank (Lender)

Party: Standard Chartered (Lender)

Party: KfW IPEX-Bank (Lender)

Party: Sumitomo Mitsui Banking Corporation (Lender)

Party: Sumitomo Mitsui Trust Bank (Lender)

Party: Bank Muscat (Lender)

Party: Bank Dhofar (Lender)

Trowers & Hamlins

Party: ACWA Power (Project developer, Sponsor)

Party: Mitsui (Project developer, Sponsor)

Party: Dhofar International Development and Investment (DIDIC) (Project developer, Sponsor)

Lawyers: Jeremy Ingham, Roger Clarke

Related deals