Phoenix Power Company - Oman

• Phoenix Power Company owns and operates the largest independent power producer (“IPP”) in Oman, Sur Power generating facility
• Sur IPP has 2,000 MW of gas fired power generating capacity (representing c.28% of the installed capacity in Oman).
• The power station comprises of 5 gas turbines and 3 steam turbines and it has started commercial operations in 2014.
• All the electricity produced and the capacity made available by Sur IPP is purchased by Oman Power and Water Procurement Company (OPWP) under a long term Power Purchase Agreement (“PPA”) until 2029.
• The plant is operated and maintained by Phoenix Operation & Maintenance Company.