Oman’s Rural Areas Electricity Company (Raeco) has awarded a consortium led by Abu Dhabi’s renewable energy firm Masdar an engineering, procurement and construction (EPC) contract for a 50MW wind farm to be built at Harweel in the southern Dhofar governorate.
While the resources of the Muscat government are overstretched, leading it to raise $10.55bn of funding from the international finance market already this year (MEES, 25 August), the Abu Dhabi Fund for Development (ADFD) is already lined up to back the $200mn wind project. (CONTINUED - 264 WORDS)
