State Oman Power and Water Procurement Company (OPWP) has put back the schedule for its planned Misfah power plant by “at least one year” as a result of a slowdown in the country’s power demand growth rate. The project will now start-up in 2022 at the earliest (see table).
Oman last month scaled back its medium-term forecasts for power demand growth – it cut its forecast for 2022 peak demand by 11% from 10.69GW to 9.47GW (MEES, 26 May). Latest forecasts peg 2023 peak demand at 9.96GW, when total generating capacity would be 11.73GW – including the Misfah project (see chart). (CONTINUED - 722 WORDS)