Power Purchase Agreement (PPA) sets out the terms of generation and supply of power to the Main Interconnected System for 15 years ending on March 31, 2029. PPA was signed with the sole procurer of power in the Sultanate, Oman Power and Water Company (OPWP), a wholly-owned subsidiary of the Government of Oman. Under the terms of the PPA, Phoenix Power has the right and obligation to generate electricity under a commercial arrangement. Ownership of the plant will remain with Phoenix Power after the current PPA ends in 2029.Natural Gas Sales Agreement
Natural Gas Sales Agreement (NGSA) with the Ministry of Oil & Gas (MOG) provides for the purchase of natural gas from MOG for the period of 15 years at a pre-determined price. The NGSA is co-terminus with the PPA and sets out the terms of the purchase of this gas from MOG under a commercial arrangement. The NGSA term will automatically be extended to reflect any extensions to the term of the PPA. In accordance with the NGSA, natural gas will be supplied up to the agreed gas delivery point of the plant. The fuel charge element of the PPA allows a full pass-through of the gas cost to the extent that electricity is generated within the plant efficiency as contracted.Usufruct Agreement
Usufruct Agreement with the Public Establishment for Industrial Estates (PEIE) grants usufruct rights over the project site for 25 years. The company pays an annual consideration of Bzs 250 per square metre upto the fourth anniversary of the effective date, and Bzs 500 per square metre until the end of the initial term of 25 years. This agreement may be renewed for another term of 25 years at the option of the company.Operation & Maintenance Agreement (OMA)
Operation & Maintenance Agreement (OMA) is entered with Phoenix Operation and Maintenance Company LLC (POMCo), a company incorporated in the Sultanate of Oman, for the operations and maintenance of the plant. The agreement is valid until 31 March, 2029 for an agreed pre-determined Operator Fee.Electrical Connection Agreement (ECA)
Electrical Connection Agreement (ECA) is entered with Oman Electricity Transmission Company (OETC) for a 30-year initial term. It sets out the contractual and operating framework between the Grid Operator and the Grid System user (like Phoenix Power).