Joint Win
Korea Western Power (KOWEPO)has officially signed a contract for a solar power project in Manah, Oman.
Korea Western Power attended the Oman Manah 500MW Solar Power contract signing ceremony in Oman on the 18th (local time). The event was hosted by the Oman Power and Water Procurement Company (OPWP), the project owner, to formally announce the joint contract win of Western Power and its partner company, France's EDF-R, for the Manah 1 project.
The ceremony was attended by over 100 representatives, including Western Power's Vice President Kim Sung-kyun, South Korean Ambassador to Oman Kim Ki-ju, Dubai branch manager of the Export-Import Bank of Korea Lee Chul-gyu, and head of KOTRA Muscat Song Ji-young. Omani representatives included the Minister of Housing and Urban Planning Khalfan Al Shuaili and the CEO of OPWP Yaqoob bin Saif Al Kiyumi.
The Manah Solar Power Project in Oman is a project to establish a 1,000 MW solar power plant in the Manah region. OPWP separated the project into Manah 1 (500 MW) and Manah 2 (500 MW) in 2019. Western Power secured the Manah 1 project, while the Manah 2 project was won by a consortium of Jinko Power from China and Sembcorp from Singapore.
The Manah 1 solar power project won by Western Power is a mega construction project. It will involve an investment of approximately 600 billion won (US$452 million) on a site 2.6 times the size of Yeouido. Construction will begin in November with completion planned for March 2025. Western Power will also be responsible for the operation and maintenance (O&M) of the solar power plant after completion. The electricity to be produced over the next 20 years is guaranteed to be purchased by OPWP.