Sohar Power to operate desalination plant until March 2022 only
Sohar Power Company has said that it will not be able to extend the operations of its desalination plant beyond the term of its current Power and Water Purchase Agreement (PWPA) ending in March 2022. OPWP had notified Sohar Power that its prequalification bid had succeeded for Power only, and not for the Water component. As a consequence, Sohar Power will not be able continue operations of its desalination plant beyond the term of the current PWPA ending March 2022. The company added the situation triggers an impairment review of the desalination plant resulting in an impairment loss of RO 19.6mn to be recorded in the 2018 financial year.
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