Recent Oman IPP Project Summary and Ibri & Sohar site IPP Project Projection 2012 Project

Salalah

Location Type Fuel COD (a)

2013

Sembcorp

Elec (MW)

Capacity

Water (MIGD)

Oman IWPP Gas 25-May-12 445 15

2013

2014

2018

Sohar-2

Barka-3

Sur

Ibri & Sohar

Oman IPP Gas 03-Apr-13 744 0

Oman IPP Gas 04-Apr-13 744 0

Oman IPP Gas 11-Dec-14 2,000 0

Oman IPP Gas 2018 2,600 0

Oman IPP Projects   3,000

 2,500

 2,000 (b)

Project Cost (US$ Mn)

= (b)/(a) UnitProject Cost (US$ Mn/MW) (c)

Construction Cost (US$ Mn)

=(c)/(a)

Unit Construction Cost (US$ Mn/MW)

=(c)/(b)

Construction Cost/Project Cost

Plant Life

years Capex

Capex

Interest Capitalised

Debt/Equity

Debt/Equity IRR-Project

IRR

IRR-Equity Average

DSCR

Max

US$983 N/A US$728 N/A 74% 30 90% 10% 2.96 15% 30% 2.2 2.9

US$815 US$1.10 US$677 US$0.91 83% 30 89% 11% 3.48 9% 13% 1.5 2.0

1.7

Min

1.1

US$875 US$1.18 US$627 US$0.84 72% 30 92% 8% 3.52 10% 14% 1.5 2.0

US$1,647 US$0.82 US$1,235 US$0.62 75% 40 91% 9% 3.14 9% 13% 1.3 1.8

1.1

US$1,989 US$0.77 US$1,430 US$0.55 72% 40 90% 10% 3.00 9% 13% 1.3 1.8

1.0

 1,500

 1,000

 500

 ‐ Sohar‐2

1.0

UnitProject Cost (US$ Mn/MW) 

Barka‐3

Sur

Ibri & Sohar

Unit Construction Cost (US$ Mn/MW) 

US$1.40

US$1.00 US$0.90

US$1.20

US$0.80

US$1.00

US$0.70 US$0.60

US$0.80

US$0.50

y = ‐0.0002x + 1.2858 

US$0.60

y = ‐0.0002x + 1.0256 

US$0.40 US$0.30

US$0.40

US$0.20

US$0.20

US$0.10 MW 

US$0.00  ‐

 500

 1,000

 1,500

 2,000

 2,500

 3,000

MW 

US$0.00  ‐

 500

 1,000

 1,500

 2,000

 2,500

 3,000