Oman

GS Inima on track for 2.4 trillion won seawater desalination project – Oman

GS Inima has kicked off a 2.4 trillion won seawater desalination project in Oman, the water treatment firm’s parent company GS E&C said Tuesday.

GS E&C said it signed contracts to raise a combined $130 million for the Barka 5 (IWP) project, ordered by Oman Power & Water Procurement Company.

The Korean firm plans to borrow 70 percent of the money from the Export-Import Bank of Korea and financial institutions in Oman.

The remaining 30 percent will be borrowed from Hana Bank, based on their bridge loan agreement.

(Source).

GS Inima gears up for seawater desalination project – Oman

A $1.86 billion seawater desalination project in Oman overseen by GS Engineering & Construction subsidiary GS Inima has kicked off, officials said Monday.

GS Engineering & Construction has signed financing documents for GS Inima’s project to build a Barka 5 Independent Water Plant in Oman, a deal reached with Oman Power & Water Procurement Co. in 2020, the company said.

Of the $130 million that will be needed for building the plant, GS E&C will be procuring 70 percent of the expenses from the Export-Import Bank of Korea, and 30 percent from KEB Hana Bank, the company said.

(Source).

Sohar Water Desalination project becomes functional – Oman

All works relating to the water transmission line project linking the Sohar Water Desalination Plant and the Al Dahirah Governorate have been completed and its commercial operation has begun. The total cost of the project is OMR 150mn.

Announcing this, Ibrahim bin Hamed al Hasani, Project Senior Manager of the Oman Water and Wastewater Services Company, said, “The project included the linking of water transmission lines, over a distance of 230 km, to the Sohar Desalination plant, and the construction of 15 tanks with a total storage capacity of 451.000 cubic metres in the Wilayat of Sohar, Ibri and Dhank.

In addition, the project consists of four pumping stations with a maximum capacity of 144,000 cubic metres per day and a pipeline parallel to the current water carrier line from Sohar to Al Buraimi Governorate.

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Utico to develop desalination plant with 20,000 m3/d capacity in Oman – Oman

In a statement, Utico, which is a full-service utility and the only private water and power company in the UAE, said the Ghubra project will supply 20,000m3/d potable water to OWWSC at the lowest water tariff ever in Oman.

Commenting on the project win, Hussain Allawati, CEO of Utico Global, said: “The winning of the Ghubra desalination project in Muscat is a milestone for the company and a clear evidence of the company’s ability to achieve sustainable returns for its shareholders, in addition to achieving efficiencies in long-term government concessions.”

According to Allawati, the Ghubra desalination project also pointed to the company’s appetite to expand its investments and operations across the region, which has been made possible thanks to the company’s innovative approach and integrated model that includes all elements in the value-chain in sustainable water generation and supply.

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Oman least at risk of freshwater depletion – Oman

Even as many countries will probably face water stress in the coming years, the Sultanate of Oman is among the Arab countries least at risk of depleting freshwater.

No more MoH registration for inbound passengers XO in This is revealed in a new classification in a report on Arab countries most vulnerable to the dangers of depleting freshwater resources forever issued by the Arab Gulf Centre for Studies and Research in Kuwait.

“The Sultanate of Oman ranked nineteenth, Somalia ranked twentieth, and Comoros came at the bottom of the ranking, and the last three countries were ranked as the least Arab countries facing the dangers of running out of fresh water,” the report said.

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Barka Desalination IPO generates strong investor interest in Oman – Oman

Investor interest is gaining momentum in the initial public offering (IPO) of Barka Desalination Company or BDC (under transformation). The company, alongside the issue manager Bank Muscat Investment Banking, has been holding several meetings with key investors for Phase I of the IPO (i.e. book building).

The meetings were conducted with more than 50 key investors from Oman as well as the region with some meeting being conducted in Muscat while others through a virtual session.

All meetings held in Muscat were conducted while ensuring that all pandemic guidelines including social distancing are being followed.

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Barka Desalination Company to launch IPO – Oman

Barka Desalination Company (BDC), owner of Oman’s largest operating water desalination plant Barka IWP, announced its intention to launch its initial public offering (IPO).

The company will offer 40 per cent of its share capital to the public through an IPO. Accordingly, BDC will offer 30,208,800 shares to the public through listing on the Muscat Stock Exchange (MSX).

As anchor investors in the IPO, National Power & Water Co (an investment arm of Bahwan Engineering Group), and Bank Muscat have committed to invest upto 10 per cent of the IPO at 145bz per share i.e. the highest end of the IPO price range.

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Oman desalination plant operator set to launch IPO – Oman

Barka Desalination Company, owner of Oman’s largest operating water desalination plant, has announced its intention to launch an initial public offering (IPO).

The company said it will offer 40 percent of its share capital to the public through an IPO. BDC will offer 30,208,800 shares through a listing on Muscat Stock Exchange (MSX).

As anchor investors in the IPO, National Power & Water Co, an investment arm of Bahwan Engineering Group, and Bank Muscat have committed to invest upto 10 percent of the IPO.

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Solar powered water desalination pilot project launched in Oman – Oman

In an initiative that can go a long way in addressing water salinity in a sustainable way, a pilot project of solar water desalinaton has been launched in the Sultanate.

The project which comes within the framework of the Korean-Omani cooperation, has been hailed by Chang-Kyu Kim, Ambassador of the Republic of South Korea to the Sultanate of Oman.

The Korean-Omani pilot project for solar-powered water desalination is being implemented by the Korean Company Prosave in a farm owned by a citzen in the village of Al Nabra in the Suwaiq wilayat in the North Al Batinah Governorate.

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Al Dahira water transmission system to be operational by year-end – Oman

A major water transmission project that will supply desalinated water from Suhar to towns in Al Dhahirah Governorate will be operational before the end of this year, according to an official of Oman Water and Wastewater Services (OWWC).

Eng Ibrahim bin Hamad al Hasani, Project Manager, told Oman News Agency (ONA) that the transmission project, currently 81 per cent complete, will ease the Al Dhahirah’s dependence on groundwater for its requirements of potable water. Groundwater supplies are currently sourced from the Al Massarat Basin.

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