Korea Western Power will construct a $451 million solar power generation facility in Oman to produce 500-megawatt hours of electricity. Following an agreement with the Oman Power and Water Procurement Company (OPWP), Korea Western Power will begin construction in Oman’s Manah region, where it will be in charge of the operation and management of the facility. OPWP has guaranteed the purchase of the electricity for 20 years once construction has been completed, expected by March 2025. As a key supplier of oil to South Korea, Oman is actively leveraging its partnerships to diversify its energy sources and expand the scope of its energy relationships.
- S. Korean power supplier to establish $451 mln solar power generation facility in Oman