Market Overview

Research and Markets: Oman Water Report Q4 2011

Share:
DUBLIN--(BUSINESS WIRE)--

Research and Markets (http://www.researchandmarkets.com/research/368640/oman_water_report) has announced the addition of the "Oman Water Report Q4 2011" report to their offering.

BMI View: In a positive development for international developers eyeing Oman's water sector, it is clear that regulatory reform is still receiving the authorities' attention. In September 2011, the Oman Power & Water Procurement Company (OPWP) announced that the Power Sector Law would be amended to facilitate the procurement of Oman's largest Independent Water Project (IWP) at Al Ghubrah in Muscat Governorate.

OPWP says the change in the law is necessary to provide a regulatory framework for the Ghubrah IWP, which will cost an estimated US$400mn to develop. This is because existing legislation does not cover water desalination projects that are not combined with electricity generation. The reform should allow for more water-only desalination projects to be launched in Oman.

Key themes to highlight for Oman's water sector:

  • With an anticipated water consumption rate set to average around 13% per annum according to state-owned utility OPWP, the Sultanate needs to ensure the new desalination projects such as Ghubrah will meet anticipated deadlines - but also, critically, that the water produced is distributed effectively across the country.
  • In September 2011, OPWP launched the process for selecting a developer for the Ghubrah IWP which will have a 42mn gallon a day (g/d) capacity - or around 191,000 cubic metres per day (m3/d). Two months earlier, in July, OPWP signed an agreement with a consortium comprising Marubeni Corporation, Chubu Electric, Qatar Electricity & Water and Bahwan Engineering Group of Oman, for construction and operation of the Sur Independent Power Project (IPP) - with no water component.
  • Oman's needs to enhance its approach to IWPPs. Since March 2010, the proposed IWPP at Duqm has been mothballed and much is now expected of a planned independent water and power project (IWPP) at Sur. However, the government has until now adopted a state-backed upgrade of its wastewater sector, rather than following other GCC states that have given equity stakes and management contracts to foreign companies.

Company Profiles:

  • Haya Water
  • Oman Power & Water Procurement Company (OPWP)
  • Veolia Water

For more information visit http://www.researchandmarkets.com/research/368640/oman_water_report

Research and Markets
Laura Wood, Senior Manager,
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com