Oman – Ibri 3 EPC signed

Reuters
2025.12.02 11:04
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By Rod MorrisonThe Masdar-led team has signed the EPC contract on the US$300m 500MW/100MWh Ibri 3 scheme with China Power Engineering Consulting Group International Engineering Co as financial close looms. The project will be funded via a US215m, 24-year soft mini-perm loan from Natixis and FAB. The team includes Korea Midland Power, OQ Alternative Energy and Al Khadra Partners. The deal will be the first soft mini-perm in the Omani market.