Energy Press Releases Wednesday October 3, 2018 17:38
Bangkok--8 Oct--Gulf Energy Development

Oman Oil Company, the sultanate's energy investment arm, through its subsidiary has signed a partnership agreement with Thailand-based Gulf Energy Development to develop Duqm independent power and water project.

The agreement was signed by Eng Isam al Zadjali, CEO of Oman Oil, and Sarath Ratanavadi, CEO of Gulf Energy Development, Oman Oil announced in a tweet on Thursday.

Duqm independent power and water project will be a gas-fired power project with an installed power generation capacity of 326MW and an installed water generation capacity of 1,667 cubic meters per hour. The project is a partnership between Oman Oil's subsidiaries where they will hold 55 per cent and Gulf Energy Development's subsidiary, which will own 45 per cent, Oman Oil said.

Gulf Energy Development is one of Thailand's largest power generation developers, producers and operators.

Oman Oil said that the project is located in Duqm Special Economic Zone and has secured a long-term power and water purchase agreement to generate and supply electricity and water to Duqm Refinery. 'This prestigious project will be the first captive power plant developed by Oman Oil's infrastructure vertical. It also highlights the integration approach which Oman Oil is developing through projects that would create added value through the whole energy chain', the company said.

In a filing to the Stock Exchange of Thailand, Gulf Energy Development on Thursday said that the company had submitted a tender to jointly invest in Duqm Power Company (DPC), which is the operator of Duqm independent power and water project, with Oman Oil. 'The company was officially informed by Oman Oil on September 3 that the company (Gulf Energy Development) has been selected as the successful investor in the project with an equity interest of 45 per cent', it said.

Total project cost for Duqm independent power and water project is US$483mn, according to the Gulf Energy Development's disclosure. The project will gradually begin commercial operation in three phases, starting from July 2020 to May 2022, in accordance with Duqm Refinery's electricity and water consumption plan, Gulf Energy Development said.

Media Contact:
Yavistha Sangkeeree(Mim)
Phone: +66-88-0035-450, +66-81-093-3065
Email :

Latest Press Release

Photo Release: BGRIM, LG Chem in energy storage accord

B.Grimm Power Plc (BGRIM) has formed collaboration with LG Chem Ltd of South Korea for development of Battery Management System solution for energy storage systems (ESS) for BGRIM's power plants in Thailand, Philippines Vietnam and Korea. BGRIM CEO...

หัวเว่ย โชว์ความเป็นผู้นำด้านโซลาร์เซลล์ดิจิทัล ที่งาน Solar Show Philippines 2019

หัวเว่ย ได้เผยโฉมนวัตกรรม FusionSolar Residential and Commercial Smart PV Solution รวมถึง FusionSolar 6.0 Smart PV Solution ซึ่งช่วยเพิ่มประสิทธิภาพต้นทุน LCOE ด้วยโมดูลเซลล์แสงอาทิตย์แบบสองหน้า ที่งาน Solar Show Philippines 2019 Digital PV Solution...

Huawei Leads the Digital PV World at Solar Show Philippines 2019

Huawei unveils its innovative FusionSolar Residential and Commercial Smart PV Solution, as well as FusionSolar 6.0 Smart PV Solution for optimal LCOE with bifacial PV modules at the Solar Show Philippines 2019. Digital PV Solution for Ultimate Safety...

Shell starts production at Appomattox in the Gulf of Mexico

Royal Dutch Shell plc, through its subsidiary Shell Offshore Inc (Shell) announces today that production has started at the Shell-operated Appomattox floating production system months ahead of schedule, opening a new frontier in the deep-water US Gulf of...

Sasol Limited: Update on the Lake Charles Chemical Project

Sasol has today updated its guidance for LCCP following a review process to assess the project costs and schedule. - LCCP's schedule remains on track with the Ethylene Glycol/Ethylene Oxide Unit due to achieve beneficial operation within days. The only...

Related Topics