Sohar Power Company (Sohar IWPP), Oman

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In May 2013, MENA Infrastructure acquired a 20% of the share capital of Sohar Power Company SAOG (SPC) from GDF SUEZ (10%), WJ Towell & Co LLC and Zubair Corporation LLC (5% each). SPC owns and operates the Sohar Independent Water and Power Project (IWPP) in the Sohar Industrial Port area of Oman. Sohar IWPP has 585 MW of combined-cycle gas-fired power generation and 150,000 m3 of water desalination capacity. In 2004 the project was awarded to a consortium of GDF SUEZ and a number of local Omani shareholders, as a Build, Own and Operate (BOO) project under a 15 year Power and Water Purchase Agreement (PWPA) with the state owned Oman Power and Water Procurement Company (OPWP). SPC is listed on the Muscat Securities Market, with 35% of its equity capital being publicly traded.

In:   by: admin 03/7/16 1:29 PM
MENA Infrastructure Fund LP has sold its 38.1% stake in Omani utility United Power Company SAOG to Khaled Juffali Energy and Utilities, a Saudi Arabian power company.
In:   by: admin 03/6/16 1:36 PM
MENA Infrastructure Fund LP has divested its 30.33% stake in Alexandria International Container Terminals (“AICT”) to Hutchison Port Holdings following a competitive sale process. The transaction completed on Friday 26th of February 2016.
In:   by: admin 05/29/13 4:27 PM
MENA Infrastructure Fund LP, the leading specialist infrastructure private equity fund, sponsored by Waha Capital PJSC, Fajr Capital Ltd and HSBC Group, has acquired a 20% shareholding in Sohar Power Company SAOG.
In:   by: admin 06/24/09 4:54 PM
MENA Infrastructure Fund, the infrastructure equity fund sponsored by HSBC, Waha Capital and Dubai International Capital, has acquired 32.8% of United Power Company SAOG (UPC) for $26.5 million.
In:   by: admin 04/17/08 4:47 PM
Acquisition of equity stake in Alexandria International Container Terminals SAE, Egypt. First investment by $500 million fund