Sembcorp loses its grip on Salalah

A push-back from banks on the debt package to fund the 68,200m3/d and 400MW Salalah IWPP in Oman has re-ignited competition for the preferred bidder role.

Oman Power and Water Procurement Company contacted bidders on the $1 billion Salalah IWPP at the beginning of May to request the revalidation of bids for a period of four months. The move comes after it became clear in April that the initial preferred bidder Sembcorp would struggle to raise the $700 million of long-term debt required for its proposal ...

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