Residual valuation of the Sur IPP in Oman - Confidential

IPA supported the client in preparing its bid for a 1,500MW+ natural gas-fired Independent Power Project in the province of Sur in Oman.  The Sur IPP is expected to sell its output to the Oman Power and Water Procurement Company under a 15-year Power Purchase Arrangement.  We helped the client develop a view on long-term dispatch and free cash flows of the Project for a 10-year period extending beyond the PPA term.  For this, we prepared an analysis of the long-term electricity dispatch and capacity expansion scenarios, delivered an interactive workshop and are preparing a report that will be used by the client and potential lenders.