The ambitious journey of Phoenix Power started in 2011, with Oman Power and Water Procurement Company (OPWP) inviting proposals for the development of an Independent Power Project (IPP) at Sur. Following the competitive bidding process run by OPWP in 2011, the shareholders were awarded the contract to build the plant, which saw the incorporation of Phoenix Power Company.
The plant has been established under a Build, Own, Operate (BOO) scheme, which enables it to be operated beyond the Power Purchase Agreement (PPA) term of 15 years, either by extending the PPA (if agreed by OPWP), or by selling the power into an electricity pool which may exist at that time.
