IPO News
- From: Vol 12, Issue 9 (September 2011)
- Category: Need to know
- Region: Unspecified
- Country: Israel, Oman and Philippines
- Related Companies: Calapan Ventures, Calapan Waterworks, Doosan, IDE Technologies, Oman Power and Water Procurement Company and SMN Power Holding Co
Oman’s leading power and water generator is planning a $64 million IPO.
But the issue from SMN Power, which owns the 120,000m3/d & 678MW Barka 2 IWPP and the 665MW Rusail power plant, came a year later than expected, following a dispute between the International Power-led development company and EPC contractor Doosan over the late delivery of the Barka 2 desalination facilities. The IPO prospectus reveals that Doosan was originally invoiced ...
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