Clifford Chance advises lenders to 500MW Manah Solar IPP in Oman

Clifford Chance has advised Export-Import Bank of Korea (KEXIM), Société General and Bank Muscat (the Lenders) in relation to the 500MW Manah Solar IPP, Oman (the Project).

The Project was awarded to a consortium of South Korea’s Korea Western Power Co., Ltd. (KOWEPO) and France’s EDF-Renewables by Oman Power and Water Procurement Company (OPWP) on a Build-Own-Operate basis. The Project is one of two grid-connected solar projects each of around 500 MW, that will be built side-by-side at Manah. Together, the twin schemes will boost Oman’s renewable energy capacity by roughly 200 per cent to around 1550 MW, up from around 550 MW presently. Oman is targeting a roughly 40 per cent contribution from renewables to its electricity requirements by 2040.

The Clifford Chance team was led by Abu Dhabi partner Richard Parris, with support from a core team in Abu Dhabi, Dubai and London including:

• Abu Dhabi and Dubai: partners Mohamed Hamra-Krouha and Inaamul Laher, senior associates Greg Jehle, Georgina Roest and Paul Langley, associates Duaa Abbas and Leo Faingata’a and trainee solicitor Mehran Azzam.
• London: partner Anne Drakeford, senior associate Tracy Poon and trainee solicitor Hannah McLellan.