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Second IPP deal closure

The sultanate last month announced the successful closure of the Al Kamil power project with Al Kamil Power Company, a unit of the UK?s National Power. This is the second independent power project (IPP) in the sultanate and is the first deal to close as part of the government?s current electricity and water privatisation programme. The project was tendered earlier this year and is for the design, construction, financing, ownership and operation of a new 275-MW, open-cycle, gas-fired power plant at Wilyat, in the Ash-Sharqiya region. National Power made the lowest bid for the project on the basis of a 230-250 MW capacity. During negotiations, the government and National Power agreed to contra

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