Spot gold was slightly down at $2,335.13 per gram on Monday
The Dhofar Wind Power Project is a result of the joint development agreement that was established in 2014 between Masdar and the Rural Areas Electricity Company of Oman (RAECO). Funding for the wind farm is provided by the Abu Dhabi Fund for Development.
The 50MW wind farm will electrify an estimated 16,000 homes and offset 110,000 tonnes of carbon dioxide emissions a year.
Mohamed Jameel Al Ramahi, CEO of Masdar, said: "Oman has immense untapped potential in renewable energy, particularly in solar and wind. The Dhofar Wind Power Project will play an important role in supporting the diversification of Oman's energy mix, while providing a reliable source of clean power to serve its growing population and economy."
Saleh bin Nasser Al Rumhi, CEO of RAECO, said: "We are pleased to be supporting this project and the construction of the Dhofar Wind Power Project. This project represents a fundamental shift in clean energy projects in the region and in the Sultanate in particular. It is the first project of its kind in the Gulf region. We look forward to the signing of other associated agreements related to the project this October."
Mohammed Saif Al Suwaidi, director-general of ADFD, said: "We are proud to fund the Dhofar Wind Power Project, the first of its kind in Oman with its innovative technology and which upon completion will contribute to the Sultanate's position as a clean energy leader in the region and will represent seven per cent of the total installed power generation capacity in the Dhofar governorate, including its capital city Salalah, a major port and free zone."
Al Suwaidi said the project would demonstrate the commercial viability of wind technology in Oman. In addition, it would help facilitate greater knowledge transfer in renewable energy between the UAE and Oman.
GE will lead the EPC consortium and will provide the project's 13 wind turbines. TSK will support the consortium partners with the construction of the balance of the plant.
- business@khaleejtimes.com
Spot gold was slightly down at $2,335.13 per gram on Monday
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