SMN Power Holding SAOG is incorporated for the purpose of holding the shares of SMN Barka Power Company SAOC and Al Rusail Power Company SAOC. It is Oman’s largest power company. Through its two facilities, SMN Barka Power Company and Al Rusail Power Company (RPC), it caters to 1/4 of Oman's main power grid demand and 1/5 of Oman's main water network needs.
SMN Barka produces power and potable water and runs a desalination plant to produce potable water. The plant operates on natural gas as primary fuel with fuel oil as back-up. Al Rusail Power Company is a natural gas-fired 665 MW power plant. Power capacity and production are sold to the OPWP under the 17-year PPA ending in March 2022.
|Date Established||May 7, 2011|
|Paid-up Capital (OMR)||19,963,560|
|Shares Per Value||1.00|
P.O. Box 121, Postal Code 134, JawharatA'Shatti, Muscat, Sultanate of Oman
+ 968 24 683 000
+ 968 24 683030
In 2005 the government invited proposals through tenders for the development of an Independent Water and Power Producer (IWPP) at Barka and the privatisation of Al Rusail Power Company. The Founders - Kahrabel GDF SUEZ, Mubadala Development Company and National Trading Company - secured the award from OPWP following a competitive bidding process in 2006. SMN Power Holding SAOG was incorporated on 7 May 2011 under the Commercial Companies Law of Oman in Sultanate of Oman.
|Mr. Mario Savastano||Chairman|
|Mr. Abdullah Al Yahya'ey||Deputy Chairman|
|Mr. Gillian-Alexandre Huart||CEO|
|Mr. Gijs Olbrechts||Board of Directors|
|Mr.Mohammed Issa Khalfan Alhuraimel Alshamsi||Board of Directors|
|Mr. Masroor Jilani||Board of Directors|
|Mr. Antonios Chatzi Georgiou||Board of Directors|
|Mr. Alan Robinson||Board of Directors|