Musandam
On

Musandam Power is the owner of the first independent power plant in the Musandam region of the Sultanate of Oman. With a contracted power capacity of 120 MW, the company caters to the current and near-term demand of the region, and is a proud contributor to its development aspirations.
 

History

Power demand in Musandam was historically was met through small diesel powered plants operated by RAECO (Rural Areas Electricity Company). In 2011, OPWP appointed advisors to conduct a feasibility study to develop a new gas-fired power plant. Oman Oil Company (OOC) in JV with LGI as Project Founders incorporated the Company on 15 March 2015 for the purpose of building and operating the Plant.

The Plant has been established under a BOO scheme, which enables it to be operated beyond the PPA term of 15 years by extending the PPA (if agreed to by OPWP).

Our Journey

July 2011


MoU signed between OOC and LGI
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25 November 2014


Signing of the EPC and LTSA Contracts and Notice to Proceed with EPC Contract
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15 March 2015


Signing of the PFA (Project Founders Agreement)
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13 April 2015


Signing of the PPA (Power Purchase Agreement)
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17 June 2017


Plant COD (Commercial Operation Date)
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23 January 2032


Expiry of the PPA
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Founders

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Oman Oil Orpic Group

Oman Oil Company Orpic Group (OOC), is the national flagship company established to pursue investment opportunities in the energy sector both inside Oman and internationally and is wholly owned by the Government. OOC’s investment portfolio in power comprises of investments in various power projects across the world with a total installed capacity of c. 3.2 gigawatts. In addition Oman Oil Company directly / indirectly owns and operates captive power plants at its seven project company sites in the Sultanate of Oman with total capacity of c. 1. 4 gigawatts

www.oman-oil.com

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LG International (LGI)

LGI is part of LG group, one of global leading corporations with portfolio of companies operating in diversified fields such as electronics, chemicals, telecommunications and services, and operates worldwide through more than 70 companies combined. LGI pursues businesses in resource development (oil & gas, coal and copper; both upstream and downstream) and infrastructure business domains, with investment in IPP. LGI possesses global experiences in project development, procuring project financing, as well as EPC and O&M coordination. When LG Group invests or develops business in infrastructure domains, LGI takes a role as a project leader, coordinating various companies within LG Group to provide integrated solutions.

LGI has a proven track-record of both investing and developing large and complex projects as EPC contractor across the world and in various fields including, oil & gas, cement, power, metals and mining, commodities and logistics.LGI’s power portfolio includes, 700 MW thermal power plant in China, 41 MW hydro power plant in indonesia (Under construction), solar power plant in the US and 72 MW gas based power plant in Korea

www.lgicorp.com

 

OETCL

Oman Energy Trading Company Limited is a limited company organised and existing under the laws of Bermuda and having its registered office at Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda (“OETCL”). OETCL is a wholly owned subsidiary of Oman Oil Company SAOC.

Board of Directors

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Ahmed Tufail Al Rahman

Chairman
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Jun H. Kim

Deputy Chairman

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Maqbool Al Lawati

Director

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Mansoor Ali Al-Abdali

Director

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Hamid A. Hamirani

Director

 
 
 

Management Team

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Salim Al Hashmi
Project Director
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Murshid Al-Yarubi

Deputy Project Director
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Abdulhameed Al Jabri
Finance Manager
 

Musandam
On

Musandam Power is the owner of the first independent power plant in the Musandam region of the Sultanate of Oman. With a contracted power capacity of 120 MW, the company caters to the current and near-term demand of the region, and is a proud contributor to its development aspirations.

History

Power demand in Musandam was historically was met through small diesel powered plants operated by RAECO (Rural Areas Electricity Company). In 2011, OPWP appointed advisors to conduct a feasibility study to develop a new gas-fired power plant. Oman Oil Company (OOC) in JV with LGI as Project Founders incorporated the Company on 15 March 2015 for the purpose of building and operating the Plant.

The Plant has been established under a BOO scheme, which enables it to be operated beyond the PPA term of 15 years by extending the PPA (if agreed to by OPWP).

 

Our Journey

July 2011

MoU signed between OOC and LGI
Image Image

25 November 2014

Signing of the EPC and LTSA Contracts and Notice to Proceed with EPC Contract
Image Image Image

15 March 2015

Signing of the PFA (Project Founders Agreement)
Image Image

13 April 2015

Signing of the PPA (Power Purchase Agreement)
Image Image

17 June 2017

Plant COD (Commercial Operation Date)
Image Image Image

23 January 2032

Expiry of the PPA
Image Image

Founders

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Oman Oil Orpic Group

OOC is the national flagship company established to pursue investment opportunities in the energy sector both inside Oman and internationally and is wholly owned by the Government of Oman. OOC has investments across seven sectors namely: Exploration & Production, Energy Infrastructure, Shipping, Power, Petrochemicals, Refining & Marketing and Metals. OOC’s power investment portfolio includes investment in independent power plants operating in South Korea and Pakistan. OOC has a strong track-record of owning and successfully managing investments and projects in Oman and globally. Some of the marquee projects and investments of OOC include Salalah LPG, Musandam Gas Plant, Khazzan Gas Field and Duqm Refinery.

www.oman-oil.com

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LG International (LGI)

LGI is part of LG group, one of global leading corporations with portfolio of companies operating in diversified fields such as electronics, chemicals, telecommunications and services, and operates worldwide through more than 70 companies combined. LGI pursues businesses in resource development (oil & gas, coal and copper; both upstream and downstream) and infrastructure business domains, with investment in IPP. LGI possesses global experiences in project development, procuring project financing, as well as EPC and O&M coordination. When LG Group invests or develops business in infrastructure domains, LGI takes a role as a project leader, coordinating various companies within LG Group to provide integrated solutions.

LGI has a proven track-record of both investing and developing large and complex projects as EPC contractor across the world and in various fields including, oil & gas, cement, power, metals and mining, commodities and logistics.LGI’s power portfolio includes, 700 MW thermal power plant in China, 41 MW hydro power plant in indonesia (Under construction), solar power plant in the US and 72 MW gas based power plant in Korea

www.lgicorp.com

 

OETCL

Oman Energy Trading Company Limited is a limited company organised and existing under the laws of Bermuda and having its registered office at Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda (“OETCL”). OETCL is a wholly owned subsidiary of Oman Oil Company SAOC.

Board of Directors

Image

Ahmed Tufail Al Rahman

Chairman
Image

Jun H.Kim

Deputy Chairman

Image

Maqbool Al Lawati

Director

Image

Mansoor Ali Al-Abdali

Director

Image

Hamid A. Hamirani

Director

Senior Management

Image
Salim Al Hashmi
Project Director
Image

Murshid Al-Yarubi

Deputy Project Director

Image
Abdulhameed Al Jabri
Finance Manager