Oman Oil Co’s (OOC) venture in South Korea’s power generation sector, GS EPS Co Ltd, has officially inaugurated the largest biomass power plant in Asia, reported Trade Arabia.
OOC has a 30% stake in the venture and the plant enjoys a capacity of 105MW and investment cost of about US$273m.
“It is a great pleasure for OOC to witness the inauguration of the project completion with GS Holdings,” said Hilal bin Ali al Kharousi, vice-president of Emerging Businesses at OOC.
“This investment is part of the Company’s integrated strategy to diversify its growing investments internationally. OOC plays a vital role to facilitate the transfer of expertise and technology to form a knowledge-based economy, and aims to build the technological and operational capacities through strategic partnerships. In future similar renewable energy project opportunity can be explored in Oman,” he added.
According to the Times of Oman the plan will use Palm Kernel Shell (PKS) as an environmentally-friendly fuel and produce electricity by the steam turbine and Circulating Fluidised Bed Combustion (CFBC) type boiler.
GS EPS also operates LNG fired combined cycle power plants in Dangjin, Chungnam Province, and a biomass power plant in Shandong, China of 30 megawatt, along with a fuel cell power plant in Korea.