{"id":6608,"date":"2022-06-18T12:20:44","date_gmt":"2022-06-18T07:50:44","guid":{"rendered":"https:\/\/www.sembcorpsalalah.com.om\/?post_type=tribe_events&p=6608"},"modified":"2022-06-18T12:20:44","modified_gmt":"2022-06-18T07:50:44","slug":"one-week-until-sembcorp-salalah-ipo-offer-close","status":"publish","type":"tribe_events","link":"https:\/\/www.sembcorpsalalah.com.om\/ar\/salalah_news\/one-week-until-sembcorp-salalah-ipo-offer-close\/","title":{"rendered":"\u0623\u0633\u0628\u0648\u0639 \u0648\u0627\u062d\u062f \u062d\u062a\u0649 \u0627\u0646\u062a\u0647\u0627\u0621 \u0639\u0631\u0636 \u0627\u0644\u0627\u0643\u062a\u062a\u0627\u0628 \u0627\u0644\u0639\u0627\u0645 \u0644\u0634\u0631\u0643\u0629 \u0633\u064a\u0645\u0628\u0643\u0648\u0631\u0628 \u0635\u0644\u0627\u0644\u0629"},"content":{"rendered":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Muscat, 18 September 2013<\/strong>\u00a0\u2013 Sembcorp Salalah Power & Water Company (\u201cSembcorp Salalah\u201d or \u201cthe Company\u201d), a leading power and water company based in the Dhofar Governorate of Oman, has begun the countdown to the completion of its Initial Public Offering (IPO), which launched on 28 August. The IPO, which has seen strong interest from investors across the Sultanate and the broader Gulf region, closes for subscription on 26 September 2013.<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
The IPO of 33,410,019 existing ordinary shares represents 35% of the issued share capital of Sembcorp Salalah. The shares will be priced at OMR 1.590 per share, inferring a total offer size of OMR 53 million and a market capitalisation on listing of OMR 152 million. The offering is expected to be the biggest in Oman this year. It is proposed that the shares will be admitted to trading on the Muscat Securities Market on or around 10 October 2013.<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
HSBC Bank Middle East Limited is the Sole Global Coordinator and Bookrunner. HSBC Bank Oman SAOG is the Issue Manager. Retail investors with an interest in participating in the IPO are encouraged to complete and submit their applications in any of the Collecting Banks which include Bank Muscat, Oman Arab Bank, National Bank of Oman and Bank Dhofar.<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
Commenting on the IPO, Mr Lim Yeow Keong, Chief Executive Officer of Sembcorp Salalah, said, \u201cWith only one week to go until our share offer closes, investors in Oman have a limited period in which to participate in our IPO. We are very excited by the widespread positive investor sentiment and significant interest in the Sembcorp Salalah offer that we have seen over the past three weeks. During this time we have presented investors across Oman and the broader Gulf region with a fantastic opportunity to invest in an established operator with strong predictability of cash flows that will result in stable recurring income, a highly attractive dividend yield and opportunities for growth.\u201d<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
\u201cAs we enter the final week of the subscription period, we are still seeing a strong level of demand for the offer, and I look forward to a successful completion on the 26 September.\u201d<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
About the IPO<\/strong><\/td>\n<\/tr>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u2022<\/td>\nThe offer period commenced on 28 August 2013 and will end on 26 September 2013 at the end of the working hours of the Collecting Banks. It is proposed that the shares will be admitted to trading on the Muscat Securities Market on or around 10 October 2013.<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\u2022<\/td>\nThe offer is open to Omani and non-Omani individual investors, juristic persons and institutions through two categories.<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\u2022<\/td>\nThe minimum subscription for Category I investors is 100 shares and in multiples of 100 shares thereafter. For Category II investors, the minimum subscription is 50,100 shares and in multiples of 100 shares thereafter.<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\u2022<\/td>\nThe maximum subscription for Category I investors is 50,000 shares. For Category II investors, the maximum subscription is 10% of the size of the share offer, which equates to 3,341,000 shares.<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\u2022<\/td>\nShares are allocated on a proportionate basis and must be 100% pre-funded at the Collecting Banks at the time of subscription.<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\u2022<\/td>\nThe IPO Prospectus, Articles of Association and Application Forms are available from the following Collecting Banks throughout the offer period: Bank Muscat, Oman Arab Bank, National Bank of Oman and Bank Dhofar. There is also an IPO section on the Sembcorp Salalah website\u00a0www.ttct.net\/sembcorp-demo-1\/ipo<\/a>, which contains further information.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
About Sembcorp Salalah:<\/strong><\/td>\n<\/tr>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u2022<\/td>\nSembcorp Salalah developed, owns and operates an electricity generation and seawater desalination plant, the Salalah Independent Water and Power Plant, located between Taqah and Mirbat in Oman. The plant is located approximately 50 kilometres from Salalah, the administrative town in the Dhofar Governorate.<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\u2022<\/td>\nThe plant has been in full commercial operation since 25 May 2012 and has a contracted power capacity of 445 megawatts (MW) and a contracted water capacity of 15 million imperial gallons per day (MiGD). It consists of a gas-fired combined cycle power plant and a reverse osmosis seawater desalination plant.<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\u2022<\/td>\nAs of the date of this announcement, Sembcorp Salalah supplies approximately 72% of the power dispatch and 100% of the net installed water capacity of the Dhofar Governorate.<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\u2022<\/td>\nThe Company has invested approximately US$1 billion to develop, finance, build, own and operate the plant. It generates its revenues in accordance with a 15-year power and water purchase agreement (PWPA) with the Oman Power and Water Procurement Company (OPWP), which is indirectly wholly-owned by the Omani government.<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\u2022<\/td>\nAs the largest and most energy-efficient power and water plant in the Dhofar Governorate, the Salalah Independent Water and Power Plant is expected to play a major role in meeting the growing power and water demand of the region into the foreseeable future and beyond.<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\u2022<\/td>\nSembcorp Salalah is currently 60% owned by Sembcorp Utilities, a wholly-owned subsidiary of Singapore-based Sembcorp Industries, 35% owned by Oman Investment Corporation (OIC) and 5% owned by BDCC Investment Company, which is managed by Instrata.<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
Business Highlights:<\/strong><\/p>\n

Strong predictability of stable cash flows:<\/strong><\/em><\/p>\n\n\n\n\n\n\n
\u2022<\/td>\nSembcorp Salalah has strong predictability of cash flows that are not affected by the amount of power and water actually required by OPWP as the Company is paid on an availability basis, based on the power and water that is made available.<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\u2022<\/td>\nUnder the PWPA, Sembcorp Salalah is entitled to receive capacity charges from OPWP for 100% of the available power and water capacity of the plant, which comprise approximately 90% of the total revenue of Sembcorp Salalah. These capacity charges are payable by OPWP regardless of whether the actual output of the plant is dispatched by OPWP.<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Well-established contractual framework:<\/strong><\/em><\/p>\n\n\n\n\n
\u2022<\/td>\n\u064a\u0639\u062a\u0628\u0631 \u0645\u0634\u0631\u0648\u0639 \u0633\u064a\u0645\u0628\u0643\u0648\u0631\u0628 \u0635\u0644\u0627\u0644\u0629\u060c \u0648\u0627\u062d\u062f\u0627\u064b \u0645\u0646 12 \u0645\u0634\u0631\u0648\u0639\u0627\u064b \u0644\u0645\u062d\u0637\u0627\u062a \u0645\u0633\u062a\u0642\u0644\u0629 \u0644\u062a\u0648\u0644\u064a\u062f \u0627\u0644\u0643\u0647\u0631\u0628\u0627\u0621 \u0648\/\u0623\u0648 \u062a\u062d\u0644\u064a\u0629 \u0627\u0644\u0645\u064a\u0627\u0647 \u0633\u0648\u0641 \u062a\u0646\u0641\u0630\u0647\u0627 \u0627\u0644\u062d\u0643\u0648\u0645\u0629 \u0639\u0628\u0631 \u0627\u0644\u0634\u0631\u0643\u0629 \u0627\u0644\u0639\u0645\u0627\u0646\u064a\u0629 \u0644\u0634\u0631\u0627\u0621 \u0627\u0644\u0637\u0627\u0642\u0629 \u0648\u0627\u0644\u0645\u064a\u0627\u0647 \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0623\u0633\u0644\u0648\u0628 \u201c\u0627\u0628\u0646\u0650 \u0648\u062a\u0645\u0644\u0651\u064e\u0643 \u0648\u0634\u064e\u063a\u0651\u0650\u0644\u201d \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u060c \u0648\u062a\u0633\u062a\u0641\u064a\u062f \u0645\u0646 \u0625\u0637\u0627\u0631 \u0639\u0645\u0644 \u062a\u0639\u0627\u0642\u062f\u064a \u0631\u0627\u0633\u062e. \u0648\u062a\u062a\u0648\u0644\u0651\u064e\u0649 \u0633\u0644\u0637\u0629 \u062a\u0646\u0638\u064a\u0645 \u0642\u0637\u0627\u0639 \u0627\u0644\u0643\u0647\u0631\u0628\u0627\u0621 \u0627\u0644\u0645\u0633\u062a\u0642\u0644\u0629 \u0627\u0644\u062a\u064a \u062a\u0623\u0633\u0633\u062a \u0628\u0645\u0648\u062c\u0628 \u0645\u0631\u0633\u0648\u0645 \u0633\u0644\u0637\u0627\u0646\u064a\u060c \u062a\u0646\u0638\u064a\u0645 \u0642\u0637\u0627\u0639 \u0645\u0634\u0627\u0631\u064a\u0639 \u0627\u0644\u0645\u064a\u0627\u0647 \u0627\u0644\u0645\u0633\u062a\u0642\u0644\u0629 IWP.<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Strong government support and stable revenues due to the strategic importance of both the industry and project:<\/strong><\/em><\/p>\n\n\n\n\n\n\n
\u2022<\/td>\nThe power and water sectors are of high strategic importance to the Dhofar Governorate and Oman as a whole. As of July 2013, the plant\u2019s capacity constitutes approximately 72% of the power dispatch and 100% of the net installed water capacity of the Dhofar Governorate.<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\u2022<\/td>\nGiven the projected growth in electricity and water demand, the plant is expected to remain critical to the continued supply of power and water in the Dhofar Governorate in the long term.<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Fully operational project with minimal operating risk:<\/strong><\/em><\/p>\n\n\n\n\n
\u2022<\/td>\nThe plant is completed and has been in full commercial operation for over 14 months. In addition, Sembcorp Salalah benefits from minimal operating risk as its operator, Sembcorp Salalah O&M Services Company (Sembcorp Salalah O&M), is a joint venture indirectly owned by the Project Sponsors, Sembcorp Utilities and OIC, creating an alignment of interests which ensures that the plant is operated efficiently. Sembcorp Salalah O&M is managed locally and benefits from the procedures and expertise of Sembcorp Utilities, which is well established and has a demonstrated track record of running similar plants across the continents, with facilities of over 5,900 MW of power capacity and over 1,500 MiGD of water in operation and under development globally.<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Excess capacity and outage allowance to ensure an extended plant lifespan:<\/strong><\/em><\/p>\n\n\n\n\n\n\n
\u2022<\/td>\nManagement believes that the excess of actual capacity over the contracted capacity of the plant will more than compensate for the estimated degradation of the plant over the term of the PWPA.<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\u2022<\/td>\nThe PWPA also allows Sembcorp Salalah to perform maintenance on the power plant at designated off-peak periods of the year. This contemplated maintenance is likely to extend the lifespan of the plant and delay the degradation of its electricity and desalinated water capacity.<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Mitigation of fuel risks:<\/strong><\/em><\/p>\n\n\n\n\n
\u2022<\/td>\n\u0646\u062c\u062d\u062a \u0645\u062d\u0637\u0629 \u0635\u0644\u0627\u0644\u0629 \u0644\u0644\u0645\u064a\u0627\u0647 \u0648\u0627\u0644\u0643\u0647\u0631\u0628\u0627\u0621 \u0641\u064a \u062a\u062e\u0641\u064a\u0641 \u0645\u062e\u0627\u0637\u0631 \u062c\u0648\u062f\u0629 \u0648\u0627\u0645\u062f\u0627\u062f\u0627\u062a \u0648\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u063a\u0627\u0632 \u0627\u0644\u0637\u0628\u064a\u0639\u064a \u0627\u0644\u0630\u064a \u0633\u062a\u0632\u0648\u062f\u0647\u0627 \u0628\u0647 \u0648\u0632\u0627\u0631\u0629 \u0627\u0644\u0646\u0641\u0637 \u0648\u0627\u0644\u063a\u0627\u0632 \u0627\u0644\u0639\u0645\u0627\u0646\u064a\u0629 \u0628\u0645\u0648\u062c\u0628 \u0627\u062a\u0641\u0627\u0642\u064a\u0629 \u0628\u064a\u0639 \u0645\u0628\u0631\u0645\u0629 \u0628\u064a\u0646 \u0627\u0644\u062c\u0627\u0646\u0628\u064a\u0646. \u0648\u0641\u064a \u062d\u0627\u0644 \u0639\u062f\u0645 \u062a\u0648\u0627\u0641\u0631 \u0627\u0644\u063a\u0627\u0632 \u0627\u0644\u0637\u0628\u064a\u0639\u064a\u060c \u064a\u062d\u0642 \u0644\u0634\u0631\u0643\u0629 \u0633\u064a\u0645\u0628\u0643\u0648\u0631\u0628 \u0635\u0644\u0627\u0644\u0629 \u0627\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 \u0627\u0644\u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u0625\u0636\u0627\u0641\u064a\u0629 \u0627\u0644\u062a\u064a \u062a\u062a\u0643\u0628\u062f\u0647\u0627 \u0641\u064a \u0633\u0628\u064a\u0644 \u0634\u0631\u0627\u0621 \u0627\u0644\u062f\u064a\u0632\u0644 \u0645\u0646 \u0648\u0632\u0627\u0631\u0629 \u0627\u0644\u0646\u0641\u0637 \u0648\u0627\u0644\u063a\u0627\u0632 \u0627\u0644\u0639\u0645\u0627\u0646\u064a\u0629 \u0644\u062a\u0634\u063a\u064a\u0644 \u0645\u062d\u0637\u062a\u0647\u0627\u060c \u0648\u0639\u0644\u0649 \u0631\u0633\u0648\u0645 \u0627\u0644\u0637\u0627\u0642\u0629 \u0627\u0644\u0627\u0646\u062a\u0627\u062c\u064a\u0629 \u0645\u0646 \u0627\u0644\u0634\u0631\u0643\u0629 \u0627\u0644\u0639\u0645\u0627\u0646\u064a\u0629 \u0644\u0634\u0631\u0627\u0621 \u0627\u0644\u0637\u0627\u0642\u0629 \u0648\u0627\u0644\u0645\u064a\u0627\u0647.<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Extensive experience of the Project Sponsors:<\/strong><\/em><\/p>\n\n\n\n\n\n\n
\u2022<\/td>\nSembcorp Salalah benefits from the extensive water and energy experience of the Project Sponsors. Sembcorp Utilities is a leading energy, water and on-site logistics group with a strong track record in identifying, securing, financing and executing energy and water projects and has a number of strategic relationships and long-term partnerships with multinational customers. OIC is a private equity investment company with strong experience of investing in the region and a diversified portfolio of investments in the oil and gas, petrochemical, construction and manufacturing sectors in Oman.<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\u2022<\/td>\nThe project is strategically important to the Project Sponsors, who provide Sembcorp Salalah with technological and management capabilities and expertise that are critical to its operational success.<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Experienced and skilled operational personnel:<\/strong><\/em>.<\/p>\n\n\n\n\n
\u2022<\/td>\nSembcorp Salalah has the advantage of well-trained and experienced personnel, who bring extensive management expertise and the knowledge sharing of know-how accumulated through decades of experience. Sembcorp Salalah personnel are also able to attend training and off-site sessions with personnel of the Project Sponsors around the world in order to share and exchange knowledge and best practices.<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Opportunities for incremental revenue growth:<\/strong><\/em><\/p>\n\n\n\n\n\n\n
\u2022<\/td>\nSembcorp Salalah has two key opportunities for incremental growth of revenues:<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
<\/td>\ni. The expansion of existing facilities to deliver additional desalinated water capacity, in line with the current government policy to minimise use of groundwater, and<\/td>\n<\/tr>\n
<\/td>\nii. The sale of current excess power capacity.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Download PDF<\/p>\n<\/div>\n

<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Muscat, 18 September 2013\u00a0\u2013 Sembcorp Salalah Power & Water Company (\u201cSembcorp Salalah\u201d or \u201cthe Company\u201d), a leading power and water company based in the Dhofar Governorate of Oman, has begun the countdown to the completion of its Initial Public Offering (IPO), which launched on 28 August. The IPO, which has seen strong interest from investors across the Sultanate and the broader Gulf region, closes for subscription on 26 September 2013. The IPO of 33,410,019 existing ordinary shares represents 35% of the issued share capital of Sembcorp Salalah. The shares will be priced at OMR 1.590 per share, inferring a total offer size of OMR 53 million and a market capitalisation on listing of OMR 152 million. The offering is expected to be the biggest in Oman this year. It is proposed that the shares will be admitted to trading on the Muscat Securities Market on or around 10 October 2013. HSBC Bank Middle East Limited is the Sole Global Coordinator and Bookrunner. HSBC Bank Oman SAOG is the Issue Manager. Retail investors with an interest in participating in the IPO are encouraged to complete and submit their applications in any of the Collecting Banks which include Bank Muscat, Oman Arab Bank, National Bank of Oman and Bank Dhofar. Commenting on the IPO, Mr Lim Yeow Keong, Chief Executive Officer of Sembcorp Salalah, said, \u201cWith only one week to go until our share offer closes, investors in Oman have a limited period in which to participate in our IPO. We are very excited by the widespread positive investor sentiment and significant interest in the Sembcorp Salalah offer that we have seen over the past three weeks. During this time we have presented investors across Oman and the broader Gulf region with a fantastic opportunity to invest in an established operator with strong predictability of cash flows that will result in stable recurring income, a highly attractive dividend yield and opportunities for growth.\u201d \u201cAs we enter the final week of the subscription period, we are still seeing a strong level of demand for the offer, and I look forward to a successful completion on the 26 September.\u201d About the IPO \u2022 The offer period commenced on 28 August 2013 and will end on 26 September 2013 at the end of the working hours of the Collecting Banks. It is proposed that the shares will be admitted to trading on the Muscat Securities Market on or around 10 October 2013. \u2022 The offer is open to Omani and non-Omani individual investors, juristic persons and institutions through two categories. \u2022 The minimum subscription for Category I investors is 100 shares and in multiples of 100 shares thereafter. For Category II investors, the minimum subscription is 50,100 shares and in multiples of 100 shares thereafter. \u2022 The maximum subscription for Category I investors is 50,000 shares. For Category II investors, the maximum subscription is 10% of the size of the share offer, which equates to 3,341,000 shares. \u2022 Shares are allocated on a proportionate basis and must be 100% pre-funded at the Collecting Banks at the time of subscription. \u2022 The IPO Prospectus, Articles of Association and Application Forms are available from the following Collecting Banks throughout the offer period: Bank Muscat, Oman Arab Bank, National Bank of Oman and Bank Dhofar. There is also an IPO section on the Sembcorp Salalah website\u00a0www.ttct.net\/sembcorp-demo-1\/ipo, which contains further information. About Sembcorp Salalah: \u2022 Sembcorp Salalah developed, owns and operates an electricity generation and seawater desalination plant, the Salalah Independent Water and Power Plant, located between Taqah and Mirbat in Oman. The plant is located approximately 50 kilometres from Salalah, the administrative town in the Dhofar Governorate. \u2022 The plant has been in full commercial operation since 25 May 2012 and has a contracted power capacity of 445 megawatts (MW) and a contracted water capacity of 15 million imperial gallons per day (MiGD). It consists of a gas-fired combined cycle power plant and a reverse osmosis seawater desalination plant. \u2022 As of the date of this announcement, Sembcorp Salalah supplies approximately 72% of the power dispatch and 100% of the net installed water capacity of the Dhofar Governorate. \u2022 The Company has invested approximately US$1 billion to develop, finance, build, own and operate the plant. It generates its revenues in accordance with a 15-year power and water purchase agreement (PWPA) with the Oman Power and Water Procurement Company (OPWP), which is indirectly wholly-owned by the Omani government. \u2022 As the largest and most energy-efficient power and water plant in the Dhofar Governorate, the Salalah Independent Water and Power Plant is expected to play a major role in meeting the growing power and water demand of the region into the foreseeable future and beyond. \u2022 Sembcorp Salalah is currently 60% owned by Sembcorp Utilities, a wholly-owned subsidiary of Singapore-based Sembcorp Industries, 35% owned by Oman Investment Corporation (OIC) and 5% owned by BDCC Investment Company, which is managed by Instrata. Business Highlights: Strong predictability of stable cash flows: \u2022 Sembcorp Salalah has strong predictability of cash flows that are not affected by the amount of power and water actually required by OPWP as the Company is paid on an availability basis, based on the power and water that is made available. \u2022 Under the PWPA, Sembcorp Salalah is entitled to receive capacity charges from OPWP for 100% of the available power and water capacity of the plant, which comprise approximately 90% of the total revenue of Sembcorp Salalah. These capacity charges are payable by OPWP regardless of whether the actual output of the plant is dispatched by OPWP. Well-established contractual framework: \u2022 Sembcorp Salalah\u2019s project represents one of 12 independent power and\/or water production projects to be implemented by the government through OPWP on a \u201cbuild, own and operate\u201d basis and benefits from a well-established contractual framework. Strong government support and stable revenues due to the strategic importance of both the industry and project: \u2022 The power and water sectors are of high strategic importance to the Dhofar…<\/p>","protected":false},"author":1,"featured_media":0,"template":"","meta":{"_tribe_events_status":"","_tribe_events_status_reason":"","footnotes":""},"tags":[],"tribe_events_cat":[53],"class_list":["post-6608","tribe_events","type-tribe_events","status-publish","hentry","tribe_events_cat-announcements","cat_announcements","description-off"],"_links":{"self":[{"href":"https:\/\/www.sembcorpsalalah.com.om\/ar\/wp-json\/wp\/v2\/tribe_events\/6608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sembcorpsalalah.com.om\/ar\/wp-json\/wp\/v2\/tribe_events"}],"about":[{"href":"https:\/\/www.sembcorpsalalah.com.om\/ar\/wp-json\/wp\/v2\/types\/tribe_events"}],"author":[{"embeddable":true,"href":"https:\/\/www.sembcorpsalalah.com.om\/ar\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":1,"href":"https:\/\/www.sembcorpsalalah.com.om\/ar\/wp-json\/wp\/v2\/tribe_events\/6608\/revisions"}],"predecessor-version":[{"id":6610,"href":"https:\/\/www.sembcorpsalalah.com.om\/ar\/wp-json\/wp\/v2\/tribe_events\/6608\/revisions\/6610"}],"wp:attachment":[{"href":"https:\/\/www.sembcorpsalalah.com.om\/ar\/wp-json\/wp\/v2\/media?parent=6608"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sembcorpsalalah.com.om\/ar\/wp-json\/wp\/v2\/tags?post=6608"},{"taxonomy":"tribe_events_cat","embeddable":true,"href":"https:\/\/www.sembcorpsalalah.com.om\/ar\/wp-json\/wp\/v2\/tribe_events_cat?post=6608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}