ACWA Power-led consortium to develop Ibri-2 IPP

A consortium composed of ACWA Power, Gulf Investment Corporation (GIC), and Alternative Energy Projects Co. (AEPCo) has signed an agreement for the development of Ibri-2 Independent Power Producer (IPP) with the Oman Power and Water Procurement Company (OPWP).
Updated 06 May 2019

ACWA Power-led consortium to develop Ibri-2 IPP

A consortium composed of ACWA Power, Gulf Investment Corporation (GIC), and Alternative Energy Projects Co. (AEPCo) has signed an agreement for the development of Ibri-2 Independent Power Producer (IPP) with the Oman Power and Water Procurement Company (OPWP). The project, to be developed on a BOO (build, own, operate) basis, includes the development, finance, construction and operation of the 500 MWac solar PV power plant. The project will be located around 300 km west of Muscat, and will contribute toward increasing power supplies in the country.

OPWP awarded the project to the consortium following an international competitive tendering process that included 12 bidders. The winning consortium submitted the best economic tariff for the electricity that will be sold to OPWP. ACWA Power is the lead investor in the project with a 50 percent stake, whereas GIC will have a 40 percent stake and AEPC will control the remaining 10 percent.  

The project will be the first utility scale solar power project in Oman and will utilize Solar PV technology to yield 500MWac of power. At peak generation capacity, the plant output will be enough to supply an estimated 33,000 homes with electricity and will offset 340,000 tons of carbon dioxide emissions a year.


ALJ Motors unveils Toyota Granvia in Saudi Arabia

Updated 13 October 2019

ALJ Motors unveils Toyota Granvia in Saudi Arabia

Abdul Latif Jameel Motors, the authorized distributor of Toyota vehicles in Saudi Arabia, has unveiled the new Toyota Granvia in the Saudi market.

Designed to provide an exceptional transportation space that addresses the growing demand for high-end shuttles, the new vehicle’s design, interior, engine, and safety features enable the riders to travel with total peace of mind.

“We are very excited to unveil the new Granvia, a true premium transport solution that meets the evolving needs of those desiring a spacious cabin, unrivaled comfort, and superior refinement. By providing ample personal space, we have ensured that each passenger will enjoy a smooth, comfortable ride and arrive at their destination feeling relaxed and refreshed,” said Mazin Jameel, executive director, marketing, Abdul Latif Jameel Motors.

“At Abdul Latif Jameel Motors, we believe that travel should always be an enjoyable experience, and it was our goal to launch an exceptional Toyota vehicle that enhances people’s journeys by creating memorable moments to cherish. I would like to extend my gratitude to all of our guests for their continuous support, which is an endless source of inspiration in our drive to introduce ‘ever-better’ cars,” Jameel added.

The new Granvia takes the concept of a luxury shuttle to the next level with premium seating for up to six people, including a standard feature of four leather ottomans with footrests — a class first. Its expansive cabin delivers a level of comfort and refinement passengers would normally associate with a high-end limousine, complete with independent rear climate control, adjustable interior illumination, and luxurious woodgrain and metallic finishing, among many other features.

The relationship between Toyota and Abdul Latif Jameel Motors was established more than half-century ago, and has grown to become one of the most remarkable automotive forces in the Kingdom.

Abdul Latif Jameel Motors is also one of the largest independent certified Toyota distributors in the world. Under its principle of putting the guest first and its commitment to achieving excellence in all it has to offer, Abdul Latif Jameel Motors supports the widespread use of Toyota vehicles in the Saudi market through an extensive network of sales and maintenance centers strategically located around the Kingdom, providing peace of mind for their guests, wherever they may be.