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. OQ 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).

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

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

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 OQ Company SAOC.