Business
On

With the region’s first Smart Power Generation Plant, Musandam Power is playing a significant role in delivering flexible and sustainable energy to the region’s current and upcoming industries and future investments and is setting the foundation for a future consistent with Oman’s Vision 2040.

Only permanent plant in Musandam Governorate

The Plant is the only permanent power plant using natural gas as primary fuel servicing the electricity demand of the Musandam Governorate. The demand is expected to be driven by future developments aimed to boost touristic, economic, and commercial activities.

Strong and experienced project founders

Musandam Power has the backing of founder shareholders with a proven track record of implementing large and complex independent power and water plants in Oman, GCC and globally.

Fully operational Project operated by an experienced operator

The plant is completed and has been in full commercial operation since 17 June, 2017. The existing operational plant has achieved excellent performance parameters, with a commercial reliability of 99.99% which evidences efficient plant operation.

Stable and predictable cash flows

Under the PPA, Musandam Power receives capacity charges from OPWP for the contracted power capacity of the Plant, which are periodically tested.

Well-established contractual framework with long term power purchase agreement

The Project represents one of the independent and government owned power/and or water production projects in Oman. It benefits from a well-established contractual framework with a long term power purchase agreement.

Strong and consistent demand for electricity

Overall demand for electricity in Oman is expected to increase significantly according to OPWP, driven by economic development, population growth, increasing personal income, capital investment, housing, infrastructure and industrial spending and tourism developments.

Plant & Technology

The Plant is adjacent to the OOCEP Musandam Gas Plant on a coastal site near the Musandam/Ras Al Khaimah (RAK) border crossing, approximately 500 km from Muscat in Oman.

Capacity

The Guaranteed Contracted Power Capacity (GCPC) of the Plant under the PPA is c. 120 MW. The demonstrated power capacity of the Plant at the plant acceptance test at reference conditions was c.124.58 MW on natural gas mode. Due to the nature of the reciprocating engines technology, the capacity is expected to remain same level over the period of PPA as capacity degradation is very little for reciprocating engines plant.

Plant Efficiency (Heat Rate)

The efficiency of the Plant is measured in terms of the amount of energy required to produce one unit of power. Plant achieved ‘Contracted Heat Rate’ at the plant acceptance test as 8,202 KJ/KWh on natural gas mode. This was better than the guaranteed contractual requirements under the PPA of 8,597 KJ/KWh on natural gas mode, thus giving a higher assurance of securing sufficient comfort in terms of fuel efficiency.

Availability

As per the project agreements, the Plant has been guaranteed to be available at 98% of time in Summer Period and in Winter Period excluding scheduled unavailability. The PPA allows for scheduled unavailability during the Winter Period (a maximum of 15%). Projections assume conservatively that the Plant will have forced outages of not more than 2% of the operating time. However, since the Plant COD, the availability recorded has been 99.99%.

Operation & Maintenance

The Plant is operated and maintained by the Original Equipment Manufacturer (OEM) Wärtsilä. The Operator is primarily responsible for Operation & Maintenance, HSE compliances, Plant Reliability and efficiency, meeting full compliances of both the AER regulatory requirements, contractual obligations to MPC stakeholders.

Image
Image
Image

Business
On

With the region’s first Smart Power Generation Plant, Musandam Power is playing a significant role in delivering flexible and sustainable energy to the region’s current and upcoming industries and future investments and is setting the foundation for a future consistent with Oman’s Vision 2040.

Only permanent plant in Musandam Governorate

The Plant is the only permanent power plant using natural gas as primary fuel servicing the electricity demand of the Musandam Governorate. The demand is expected to be driven by future developments aimed to boost touristic, economic, and commercial activities.

Strong and experienced project founders

Musandam Power has the backing of founder shareholders with a proven track record of implementing large and complex independent power and water plants in Oman, GCC and globally.

Fully operational Project operated by an experienced operator

The plant is completed and has been in full commercial operation since 17 June, 2017. The existing operational plant has achieved excellent performance parameters, with a commercial reliability of 99.99% which evidences efficient plant operation.

Stable and predictable cash flows

Under the PPA, Musandam Power receives capacity charges from OPWP for the contracted power capacity of the Plant, which are periodically tested.

Well-established contractual framework with long term power purchase agreement

The Project represents one of the independent and government owned power/and or water production projects in Oman. It benefits from a well-established contractual framework with a long term power purchase agreement.

Strong and consistent demand for electricity

The Project represents one of the independent and government owned power/and or water production projects in Oman. It benefits from a well-established contractual framework with a long term power purchase agreement.

Plant & Technology

The Plant is adjacent to the OOCEP Musandam Gas Plant on a coastal site near the Musandam/Ras Al Khaimah (RAK) border crossing, approximately 500 km from Muscat in Oman.

Capacity

The Guaranteed Contracted Power Capacity (GCPC) of the Plant under the PPA is c. 120 MW. The demonstrated power capacity of the Plant at the plant acceptance test at reference conditions was c.124.58 MW on natural gas mode. Due to the nature of the reciprocating engines technology, the capacity is expected to remain same level over the period of PPA as capacity degradation is very little for reciprocating engines plant.

Plant Efficiency (Heat Rate)

The efficiency of the Plant is measured in terms of the amount of energy required to produce one unit of power. Plant achieved ‘Contracted Heat Rate’ at the plant acceptance test as 8,202 KJ/KWh on natural gas mode. This was better than the guaranteed contractual requirements under the PPA of 8,597 KJ/KWh on natural gas mode, thus giving a higher assurance of securing sufficient comfort in terms of fuel efficiency.

Availability

As per the project agreements, the Plant has been guaranteed to be available at 98% of time in Summer Period and in Winter Period excluding scheduled unavailability. The PPA allows for scheduled unavailability during the Winter Period (a maximum of 15%). Projections assume conservatively that the Plant will have forced outages of not more than 2% of the operating time. However, since the Plant COD, the availability recorded has been 99.99%.

Operation & Maintenance

The Plant is operated and maintained by the Original Equipment Manufacturer (OEM) Wärtsilä. The Operator is primarily responsible for Operation & Maintenance, HSE compliances, Plant Reliability and efficiency, meeting full compliances of both the AER regulatory requirements, contractual obligations to MPC stakeholders.

Image
Image
Image