Ibri Solar Project, the largest renewable energy facility of its kind in the Sultanate of Oman, was opened at a ceremony held in the Wilayat of Ibri, Governorate of A’Dhahirah.

The 500 megawatt utility, which cost RO 155 million (USD 403.1 million), figures among Oman Vision 2040 major projects aimed at optimizing available investment opportunities and protecting natural resources.

The project constitutes an authentic form of partnership between the public and private sectors. Oman Power and Water Procurement Company, an arm of Nama Group, realized the project through contracts with a group of GCC investment firms led by ACWA Power, Gulf Investment Corporation (GIC) and the Alternative Energy Projects Company (AEPC) to set up, own and operate the plant.