SMN Power Holding S.A.O.G. (Under Transformation) IPO opens for subscription today
Press Release Muscat, 11 September, 2011 – SMN Power Holding S.A.O.G. (Under Transformation), a joint venture between International Power plc (via its indirectly wholly owned subsidiary Kahrabel FZE), Mubadala Development Company PJSC (via its indirectly wholly owned subsidiaries Mubadala Power Holding Company Ltd and MDC Industry Holding Company LLC) and Omans National Trading Co. LLC, today announced that its Initial Public Offering (IPO) of 6,987,246 shares representing 35% of the total share capital is now open for subscription. The IPO is Oman’s first power sector IPO since August 2008.
The offer price for each share has been fixed at OMR 3.520 per share, comprising a nominal value of OMR 1.000, premium of OMR 2.500 and Issue Expenses of Baizas 20 per share. The subscription is open to Omani and non-Omani individuals and juristic persons. The subscription period is from 11 September 2011 until 10 October 2011, and the shares will be listed on the Muscat Securities Market by 25 October 2011.
BankMuscat Investment Banking Division is the financial advisor, the issue manager and one of the three subscription banks. The other subscription banks are: National Bank of Oman SAOG and Oman Arab Bank SAOC.
SMN Power Holding S.A.O.G., through its ownership of the two project companies Al Rusail Power Company SAOC and SMN Barka Power Company SAOC, is currently Oman’s largest power company in terms of installed electricity capacity and generated output. As at January 1, 2011 – according to the Oman Power and Water Procurement Company – the installed capacity of the two Power Companies of 1,343 MW represented approximately 35% of the total installed capacity of Oman’s Main Interconnected System, and the two Power companies contributed a third of the total power generation of Oman during the Fiscal Year 2010.
On the occasion, Mr. Mahinder Nath, Chairman of the Board, said: "SMN Power Holding has established itself as a reliable, leading player in the power generation landscape of the Sultanate of Oman. This is the result of the shared determination towards the success of SMN Power Holding from its shareholders and their parent companies: International Power, Mubadala Development Company and National Trading Company of Oman. SMN Power Holding remains highly committed to provide the citizens of Oman with the power and water they need to build their future, and has the ambition to remain a key partner in the Sultanate’s economic growth.”
Mr. Abdullah Al Yahya’ey, Director of SMN Power Holding, added: “We are proud to be part of Oman’s nation-building projects and of a process that is the result of the vision of His Majesty Sultan Qaboos bin Said. I take this opportunity to thank The Capital Market Authority (CMA) for its support, our employees for their loyalty, as well as the customers, whose life we touch every day.”
Commenting on the IPO launch, Mr. Johan Van Kerrebroeck, Chief Executive Officer of SMN Power Holding S.A.O.G., said, “SMN Power Holding S.A.O.G has secured a sustainable position in the sector through a proven track record of operational excellence, management expertise and long term agreements, leading to steady cash flows. Our focus on people technology and innovation has enabled us to continue to grow our company and deliver significant value. Through this IPO, investors across the Sultanate and the region now have the opportunity to participate in this success.The demand for power in Oman has grown by 6-7% per annum in recent years and is expected to grow even further.Therefore we are confident that SMN Power Holding will prove to be a sound investment option for the investors.”
AbdulRazak Ali Issa, Chief Executive of BankMuscat, said: “We are very pleased to be appointed as the Financial Advisor and Issue Manager of SMN Power Holding’s initial public offering. Oman is witnessing the launch of an IPO nearly after a year and BankMuscat is committed to offering all facilities for retail and institutional investors to participate in this opportunity. We look forward to making the offering a big success.”
Investors wishing to invest in SMN Power Holding S.A.O.G. (Under Transformation) are now invited to visit their local branch of BankMuscat, National Bank of Oman or Oman Arab Bank to collect a copy of the IPO prospectus and application form. The prospectus, which investors are recommended to review in detail, is also available for download on the SMN Power website www.smnpower.com - or on the web site of the Capital Markets Authority - www.cma.gov.om.
About SMN Power Holding S.A.O.G. (Under Transformation):
SMN Power Holding S.A.O.G. (Under Transformation) is a holding company of the two Project Companies (SMN Barka Power Company S.A.O.C. and AlRusail Power Company S.A.O.C.) incorporated for the purposes of holding the shares in both Project Companies. SMN Power Company is a joint venture between UAE based Kahrabel FZE (an indirectly wholly owned subsidiary of International Power plc), Abu Dhabi based Mubadala, and Oman based National Trading Co. For further information please visit www.smnpower.com
About the Promoters of SMN Power Holding S.A.O.G. (Under Transformation):
Kahrabel FZE is a wholly owned subsidiary of International Power plc (70% owned by GDF SUEZ). International Power is a leading independent electricity generating company with 72,360MW (gross) in operation and a significant pipeline of 15,503MW (gross) projects under construction as at 30 June 2011. International Power is listed on the London Stock Exchange with ticker symbol IPR. Further information about International Power is available at www.iprplc-gdfsuez.com. GDF SUEZ employs 218,350 people worldwide and achieved revenues of €84.5 billion in 2010. The Group is listed on the Brussels, Luxembourg and Paris stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Stoxx 50, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, ASPI Eurozone and ECPI Ethical Index EMU. Further information about the GDF SUEZ Group is available at: www.gdfsuez.com
Mubadala Power Holding Company Limited and MDC Industry Holding Company LLC are indirectly wholly owned subsidiaries of Mubadala Development Company PJSC, a registered public joint stock company in the Emirate of Abu Dhabi wholly owned by the Government of Abu Dhabi. Mubadala Development Company PJSC invests in commercially viable, strategic, industrial and commercial partnerships and manages a diversified portfolio of local, regional, and international investments. Further information about Mubadala is available at www.mubadala.ae
National Trading Company LLC, which was founded in 1982 with a capital of RO 210,000, serves as a holding group for investment and project development. Focusing on the development of Oman, the National Trading Company establishes corporations to facilitate projects and develop industries as a diversified group. The corporations are engaged in activities such as power generation, harvesting of fish, travel, security equipment, oil & gas, printing & electronics and providing contracting services. Other corporations supported by the National Trading Company produces chemicals and procure raw materials. The established areas of operation are construction and contracting, engineering and business promotion. Further information about NTC is available at www.ntc-oman.com
For more information please contact:
Johan Van Kerrebroeck
Chief Executive Officer
Frederic Halkin
Chief Financial Officer
SMN Power Holding SAOG (Under Transformation)
P.O. Box 121,
P.C. 134, JawharatA’Shatti,
Muscat, Sultanate of Oman
Tel: + 968 24 683 022
Fax: + 968 24 683 030
E-mail: info@smnpower.com
Ria Mukherjee
DDB Oman
Tel: +968 99201152
ria@ohigroup.com
Nicholas McDonagh
Tel: +971506524717
Nicholas.McDonagh@Finsbury.com
Hazem Assalieh
Tel: +971505729648
Hazem.Assalieh@Finsbury.com
SMN Power Holding S.A.O.G. (Under Transformation) IPO opens for subscription today
Press Release Muscat, 11 September, 2011 – SMN Power Holding S.A.O.G. (Under Transformation), a joint venture between International Power plc (via its indirectly wholly owned subsidiary Kahrabel FZE), Mubadala Development Company PJSC (via its indirectly wholly owned subsidiaries Mubadala Power Holding Company Ltd and MDC Industry Holding Company LLC) and Omans National Trading Co. LLC, today announced that its Initial Public Offering (IPO) of 6,987,246 shares representing 35% of the total share capital is now open for subscription. The IPO is Oman’s first power sector IPO since August 2008.
The offer price for each share has been fixed at OMR 3.520 per share, comprising a nominal value of OMR 1.000, premium of OMR 2.500 and Issue Expenses of Baizas 20 per share. The subscription is open to Omani and non-Omani individuals and juristic persons. The subscription period is from 11 September 2011 until 10 October 2011, and the shares will be listed on the Muscat Securities Market by 25 October 2011.
BankMuscat Investment Banking Division is the financial advisor, the issue manager and one of the three subscription banks. The other subscription banks are: National Bank of Oman SAOG and Oman Arab Bank SAOC.
SMN Power Holding S.A.O.G., through its ownership of the two project companies Al Rusail Power Company SAOC and SMN Barka Power Company SAOC, is currently Oman’s largest power company in terms of installed electricity capacity and generated output. As at January 1, 2011 – according to the Oman Power and Water Procurement Company – the installed capacity of the two Power Companies of 1,343 MW represented approximately 35% of the total installed capacity of Oman’s Main Interconnected System, and the two Power companies contributed a third of the total power generation of Oman during the Fiscal Year 2010.
On the occasion, Mr. Mahinder Nath, Chairman of the Board, said: "SMN Power Holding has established itself as a reliable, leading player in the power generation landscape of the Sultanate of Oman. This is the result of the shared determination towards the success of SMN Power Holding from its shareholders and their parent companies: International Power, Mubadala Development Company and National Trading Company of Oman. SMN Power Holding remains highly committed to provide the citizens of Oman with the power and water they need to build their future, and has the ambition to remain a key partner in the Sultanate’s economic growth.”
Mr. Abdullah Al Yahya’ey, Director of SMN Power Holding, added: “We are proud to be part of Oman’s nation-building projects and of a process that is the result of the vision of His Majesty Sultan Qaboos bin Said. I take this opportunity to thank The Capital Market Authority (CMA) for its support, our employees for their loyalty, as well as the customers, whose life we touch every day.”
Commenting on the IPO launch, Mr. Johan Van Kerrebroeck, Chief Executive Officer of SMN Power Holding S.A.O.G., said, “SMN Power Holding S.A.O.G has secured a sustainable position in the sector through a proven track record of operational excellence, management expertise and long term agreements, leading to steady cash flows. Our focus on people technology and innovation has enabled us to continue to grow our company and deliver significant value. Through this IPO, investors across the Sultanate and the region now have the opportunity to participate in this success.The demand for power in Oman has grown by 6-7% per annum in recent years and is expected to grow even further.Therefore we are confident that SMN Power Holding will prove to be a sound investment option for the investors.”
AbdulRazak Ali Issa, Chief Executive of BankMuscat, said: “We are very pleased to be appointed as the Financial Advisor and Issue Manager of SMN Power Holding’s initial public offering. Oman is witnessing the launch of an IPO nearly after a year and BankMuscat is committed to offering all facilities for retail and institutional investors to participate in this opportunity. We look forward to making the offering a big success.”
Investors wishing to invest in SMN Power Holding S.A.O.G. (Under Transformation) are now invited to visit their local branch of BankMuscat, National Bank of Oman or Oman Arab Bank to collect a copy of the IPO prospectus and application form. The prospectus, which investors are recommended to review in detail, is also available for download on the SMN Power website www.smnpower.com - or on the web site of the Capital Markets Authority - www.cma.gov.om.
About SMN Power Holding S.A.O.G. (Under Transformation):
SMN Power Holding S.A.O.G. (Under Transformation) is a holding company of the two Project Companies (SMN Barka Power Company S.A.O.C. and AlRusail Power Company S.A.O.C.) incorporated for the purposes of holding the shares in both Project Companies. SMN Power Company is a joint venture between UAE based Kahrabel FZE (an indirectly wholly owned subsidiary of International Power plc), Abu Dhabi based Mubadala, and Oman based National Trading Co. For further information please visit www.smnpower.com
About the Promoters of SMN Power Holding S.A.O.G. (Under Transformation):
Kahrabel FZE is a wholly owned subsidiary of International Power plc (70% owned by GDF SUEZ). International Power is a leading independent electricity generating company with 72,360MW (gross) in operation and a significant pipeline of 15,503MW (gross) projects under construction as at 30 June 2011. International Power is listed on the London Stock Exchange with ticker symbol IPR. Further information about International Power is available at www.iprplc-gdfsuez.com. GDF SUEZ employs 218,350 people worldwide and achieved revenues of €84.5 billion in 2010. The Group is listed on the Brussels, Luxembourg and Paris stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Stoxx 50, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, ASPI Eurozone and ECPI Ethical Index EMU. Further information about the GDF SUEZ Group is available at: www.gdfsuez.com
Mubadala Power Holding Company Limited and MDC Industry Holding Company LLC are indirectly wholly owned subsidiaries of Mubadala Development Company PJSC, a registered public joint stock company in the Emirate of Abu Dhabi wholly owned by the Government of Abu Dhabi. Mubadala Development Company PJSC invests in commercially viable, strategic, industrial and commercial partnerships and manages a diversified portfolio of local, regional, and international investments. Further information about Mubadala is available at www.mubadala.ae
National Trading Company LLC, which was founded in 1982 with a capital of RO 210,000, serves as a holding group for investment and project development. Focusing on the development of Oman, the National Trading Company establishes corporations to facilitate projects and develop industries as a diversified group. The corporations are engaged in activities such as power generation, harvesting of fish, travel, security equipment, oil & gas, printing & electronics and providing contracting services. Other corporations supported by the National Trading Company produces chemicals and procure raw materials. The established areas of operation are construction and contracting, engineering and business promotion. Further information about NTC is available at www.ntc-oman.com
For more information please contact:
Johan Van Kerrebroeck
Chief Executive Officer
Frederic Halkin
Chief Financial Officer
SMN Power Holding SAOG (Under Transformation)
P.O. Box 121,
P.C. 134, JawharatA’Shatti,
Muscat, Sultanate of Oman
Tel: + 968 24 683 022
Fax: + 968 24 683 030
E-mail: info@smnpower.com
Ria Mukherjee
DDB Oman
Tel: +968 99201152
ria@ohigroup.com
Nicholas McDonagh
Tel: +971506524717
Nicholas.McDonagh@Finsbury.com
Hazem Assalieh
Tel: +971505729648
Hazem.Assalieh@Finsbury.com
International Power Investor Conference
Press releases 14 September 2011 (London - 14 September 2011) International Power is today hosting an investor conference in London. The conference will include presentations by senior executives and regional management.
The presentations will provide further details on the activities and growth opportunities of International Power following the combination of International Power and GDF SUEZ Energy International in February 2011. There will be no update on current trading.
International Power is focused on delivering sustained growth in shareholder value across all regions. The strategy to realise this growth is through:
-
building new capacity in fast growing emerging markets
- completing the significant construction programme of 15.5GW gross (6.6GW net)
- actively progressing the current 17GW gross development pipeline and other longer-term opportunities
- capturing the upside from recovery in merchant markets
- delivery of synergies and efficiency improvements from the combination
- selective acquisitions
International Power has a robust financial position, underpinned by both high quality earnings and strong cash flow generation. We expect capital expenditure of some €3 billion to €4 billion per annum over the medium term, including annual maintenance capital expenditure of approximately €550 million. We are committed to maintain our investment grade credit rating and have the financial flexibility to invest in further value enhancing growth opportunities.
Notes to Editors
The presentations used for the conference are available to download from the Companys website from 8am: http://www.iprplc-gdfsuez.com/investors/conferences. A live webcast of the event will also be available through the Company’s website: http://www.iprplc-gdfsuez.com.
About International Power
International Power plc is a leading independent electricity generating company with 72,360MW (gross) (42,225MW net) in operation and a significant programme of 15,503MW (gross) (6,561MW net) projects under construction as at 30 June 2011. International Power is listed on the London Stock Exchange with ticker symbol IPR. GDF SUEZ holds a 70% interest in International Power plc.
International Power contacts
| Investor contact |
Media Contact |
| Aarti Singhal |
Sally Hogan |
| Telephone: +44 (0)7989 492 447 |
Telephone: +44 (0)7812 573 017 |
International Power Investor Conference
Press releases 14 September 2011 (London - 14 September 2011) International Power is today hosting an investor conference in London. The conference will include presentations by senior executives and regional management.
The presentations will provide further details on the activities and growth opportunities of International Power following the combination of International Power and GDF SUEZ Energy International in February 2011. There will be no update on current trading.
International Power is focused on delivering sustained growth in shareholder value across all regions. The strategy to realise this growth is through:
-
building new capacity in fast growing emerging markets
- completing the significant construction programme of 15.5GW gross (6.6GW net)
- actively progressing the current 17GW gross development pipeline and other longer-term opportunities
- capturing the upside from recovery in merchant markets
- delivery of synergies and efficiency improvements from the combination
- selective acquisitions
International Power has a robust financial position, underpinned by both high quality earnings and strong cash flow generation. We expect capital expenditure of some €3 billion to €4 billion per annum over the medium term, including annual maintenance capital expenditure of approximately €550 million. We are committed to maintain our investment grade credit rating and have the financial flexibility to invest in further value enhancing growth opportunities.
Notes to Editors
The presentations used for the conference are available to download from the Companys website from 8am: http://www.iprplc-gdfsuez.com/investors/conferences. A live webcast of the event will also be available through the Company’s website: http://www.iprplc-gdfsuez.com.
About International Power
International Power plc is a leading independent electricity generating company with 72,360MW (gross) (42,225MW net) in operation and a significant programme of 15,503MW (gross) (6,561MW net) projects under construction as at 30 June 2011. International Power is listed on the London Stock Exchange with ticker symbol IPR. GDF SUEZ holds a 70% interest in International Power plc.
International Power contacts
| Investor contact |
Media Contact |
| Aarti Singhal |
Sally Hogan |
| Telephone: +44 (0)7989 492 447 |
Telephone: +44 (0)7812 573 017 |
Sohar Power and Desalination Plant celebrates 1,500 days accident free
On the 24 th of November 2009, STOMO has reached a significant safety milestone of 1,500 days accident free operating and maintaining the Sohar power and desalination plant since the company started its activities.
In order to celebrate this great achievement; a ceremony followed by a company lunch on the 7th December 2009 which was held at the plant site in the presence of STOMO’s General Manager Mr. William King, GDF Suez MENA (Middle East & North Africa) region’s Chief Executive Officer Mr. Shankar Krishnamoorthy and Chief Operations Officer Mr. Jan Vanoudendycke.
Mr. Krishnamoorthy praised the STOMO staff for their remarkable safety record as well as for the plant’s good performance and availability during the 1st years of operating the plant. The exemplary performance is being reflected in the high capacity of the plant, its heat rate, limited outages and the efficient way the plant is being operated on a daily basis.
Mr. Vanoudendycke congratulated the entire STOMO team for the exceptional safety results booked. This achievement is an important milestone in the short history of the Sohar plant. Mr. Vanoudendycke underlined this is everyone’s achievement because it is each and every employee’s responsibility to commit to their health and safety as well as to the health and safety of others.
He explained the GDF Suez Group’s commitments to protect the health and safety of human life and to prevent damage to property in accordance with the group’s values; drive, commitment, daring and cohesion. He encouraged the management staff to stimulate employees to use their know-how and creativity in order to protect and improve the health and safety of their co-workers, temporary staff, contractors and sub-contractors on site.
He also focused on the importance of risk prevention and a climate of trust within the organization where employees are allowed to learn from their mistakes. Furthermore, he emphasized the importance of efficient communication. Communication is essential to contribute to the achievement of our health and safety ambition.
He concluded saying Sohar’s team performance is an example of good practice in the whole region and Group and this example will be shared among many of our plants.
The Sohar power and desalination plant consists of a 585 MW combined cycle gas plant delivering its full capacity to the Oman interconnected system and a
Sohar Power and Desalination Plant celebrates 1,500 days accident free
On the 24 th of November 2009, STOMO has reached a significant safety milestone of 1,500 days accident free operating and maintaining the Sohar power and desalination plant since the company started its activities.
In order to celebrate this great achievement; a ceremony followed by a company lunch on the 7th December 2009 which was held at the plant site in the presence of STOMO’s General Manager Mr. William King, GDF Suez MENA (Middle East & North Africa) region’s Chief Executive Officer Mr. Shankar Krishnamoorthy and Chief Operations Officer Mr. Jan Vanoudendycke.
Mr. Krishnamoorthy praised the STOMO staff for their remarkable safety record as well as for the plant’s good performance and availability during the 1st years of operating the plant. The exemplary performance is being reflected in the high capacity of the plant, its heat rate, limited outages and the efficient way the plant is being operated on a daily basis.
Mr. Vanoudendycke congratulated the entire STOMO team for the exceptional safety results booked. This achievement is an important milestone in the short history of the Sohar plant. Mr. Vanoudendycke underlined this is everyone’s achievement because it is each and every employee’s responsibility to commit to their health and safety as well as to the health and safety of others.
He explained the GDF Suez Group’s commitments to protect the health and safety of human life and to prevent damage to property in accordance with the group’s values; drive, commitment, daring and cohesion. He encouraged the management staff to stimulate employees to use their know-how and creativity in order to protect and improve the health and safety of their co-workers, temporary staff, contractors and sub-contractors on site.
He also focused on the importance of risk prevention and a climate of trust within the organization where employees are allowed to learn from their mistakes. Furthermore, he emphasized the importance of efficient communication. Communication is essential to contribute to the achievement of our health and safety ambition.
He concluded saying Sohar’s team performance is an example of good practice in the whole region and Group and this example will be shared among many of our plants.
The Sohar power and desalination plant consists of a 585 MW combined cycle gas plant delivering its full capacity to the Oman interconnected system and a
Manah Power Plant celebrates 5,000 days accident free
On the 8th of February 10, STOMO has reached a significant safety milestone of 5,000 days accident free operating and maintaining the Manah Power Plant since the commercial Operation Date of the plant in 1996.
For this occasion a ceremony and company lunch was organized on 13th April 10, in the fully renovated mess area of the housing complex next to the power plant. A catering company was called in to take care of the luncheon buffet, offering a variety of dishes for everyone’s taste. All staff members and several members of the management team were present; William King – General Manager STOMO, Jan Vanoudendycke – COO of GDF Suez Energy MENA region, Dr. Suhaib Abudayyeh – Development Manager and Mr. Sarangarajan - Senior project manager, both of Sogex Oman LLC. and Sreenath Hebbar, Technical Manager of Sohar Power company, and have given a speech congratulating and praising the Manah employees for their ongoing HSE efforts over the past years.
The management is particularly proud about the Manah staff for this remarkable safety record as well as the plant’s good performance and availability during the past years. This achievement is an important milestone in the history of the plant and an excellent motivator for the entire team. These exceptional safety results are the outcome of every employee’s awareness and responsibility to commit to their health and safety as well as to the health and safety of others. STOMO will keep on encouraging their staff members to use their know-how and creativity in order to protect and further improve the health and safety of their co-workers, temporary staff, contractors and sub-contractors on site, being a part of our business ethics.
Likewise as STOMO’s Sohar Power Plant, the Manah Power Plant’s team performance is an example of outstanding practice in the whole region and Group and this example will be shared among many of our plants.
The Manah Power Plant commenced its operations in October 1996. Phase I of the plant generates power capacity of 90MW and is comprised of 3 GE frame 6 Gas Turbines. Subsequently, in May 2000, the power plant capacity was augmented by a further 180MW with the commencement of operation of Phase 2, which is comprised of 2 GE Frame 9E Gas Turbines.
The total capacity of the plant is 270MW. The power generated is sold to the Oman Power and Water Procurement Company SAOC, under a Power Purchase Agreement, which will continue until 2020.
The project constitutes the first privately developed and owned power plant in the Sultanate of Oman.
Manah Power Plant celebrates 5,000 days accident free
On the 8th of February 10, STOMO has reached a significant safety milestone of 5,000 days accident free operating and maintaining the Manah Power Plant since the commercial Operation Date of the plant in 1996.
For this occasion a ceremony and company lunch was organized on 13th April 10, in the fully renovated mess area of the housing complex next to the power plant. A catering company was called in to take care of the luncheon buffet, offering a variety of dishes for everyone’s taste. All staff members and several members of the management team were present; William King – General Manager STOMO, Jan Vanoudendycke – COO of GDF Suez Energy MENA region, Dr. Suhaib Abudayyeh – Development Manager and Mr. Sarangarajan - Senior project manager, both of Sogex Oman LLC. and Sreenath Hebbar, Technical Manager of Sohar Power company, and have given a speech congratulating and praising the Manah employees for their ongoing HSE efforts over the past years.
The management is particularly proud about the Manah staff for this remarkable safety record as well as the plant’s good performance and availability during the past years. This achievement is an important milestone in the history of the plant and an excellent motivator for the entire team. These exceptional safety results are the outcome of every employee’s awareness and responsibility to commit to their health and safety as well as to the health and safety of others. STOMO will keep on encouraging their staff members to use their know-how and creativity in order to protect and further improve the health and safety of their co-workers, temporary staff, contractors and sub-contractors on site, being a part of our business ethics.
Likewise as STOMO’s Sohar Power Plant, the Manah Power Plant’s team performance is an example of outstanding practice in the whole region and Group and this example will be shared among many of our plants.
The Manah Power Plant commenced its operations in October 1996. Phase I of the plant generates power capacity of 90MW and is comprised of 3 GE frame 6 Gas Turbines. Subsequently, in May 2000, the power plant capacity was augmented by a further 180MW with the commencement of operation of Phase 2, which is comprised of 2 GE Frame 9E Gas Turbines.
The total capacity of the plant is 270MW. The power generated is sold to the Oman Power and Water Procurement Company SAOC, under a Power Purchase Agreement, which will continue until 2020.
The project constitutes the first privately developed and owned power plant in the Sultanate of Oman.
H&S Seminar 25&26 April 2010
On the 25th and 26th of April, STOMO’s HSE department and Kahrabel (Dubai office) organized a MAP-1 Health & Safety seminar in Muscat for line- and functional managers of the MENA region, in collaboration with the GDF SUEZ University of France.
The seminar underscores the importance of health and safety of our people which has always been the first priority of GDF SUEZ and to make each and every employee a player committed to their health and safety and to the health and safety of others.
Amongst the topics of the seminar were: underlining the importance of integrating health & safety concepts in the day-to-day management of the business activities; acquire tools and techniques to recognize and assess hazardous situations; techniques to assess and analyze incidents and accidents; health and safety indicators and statistics; how to efficiently organize site crisis management and exchanging best practices and experiences.
Forty three managers of different companies within the Kahrabel organization coming from the Kingdom of Saudi Arabia, the United Arab Emirates, the Kingdom of Bahrain and of course the Sultanate of Oman, participated in the seminar.
Amongst the participants we had CEO’s, GM’s, COO’s, CFO’s, Operations managers and Engineers, Maintenance managers and Engineers, Administration managers, Technical managers, Purchase managers, HSE managers and HSE officers.
The MAP-1 session was followed by a two day “Regional H&S workshop” exclusively for Kahrabel H&S managers and H&S officers.
12 H&S managers and officers participated in this workshop. The main topics of the workshop were: health and safety networking group within the Kahrabel organization; risk assessment and mitigation techniques; Permit To Work system – problems, frequent mistakes and human errors; safety signage and pictograms on our sites and in our daily activities, Lock-Out Tag-Out techniques and implementation; control of hazardous materials to health; practical exercises and group assessments of situations on site.
H&S Seminar 25&26 April 2010
On the 25th and 26th of April, STOMO’s HSE department and Kahrabel (Dubai office) organized a MAP-1 Health & Safety seminar in Muscat for line- and functional managers of the MENA region, in collaboration with the GDF SUEZ University of France.
The seminar underscores the importance of health and safety of our people which has always been the first priority of GDF SUEZ and to make each and every employee a player committed to their health and safety and to the health and safety of others.
Amongst the topics of the seminar were: underlining the importance of integrating health & safety concepts in the day-to-day management of the business activities; acquire tools and techniques to recognize and assess hazardous situations; techniques to assess and analyze incidents and accidents; health and safety indicators and statistics; how to efficiently organize site crisis management and exchanging best practices and experiences.
Forty three managers of different companies within the Kahrabel organization coming from the Kingdom of Saudi Arabia, the United Arab Emirates, the Kingdom of Bahrain and of course the Sultanate of Oman, participated in the seminar.
Amongst the participants we had CEO’s, GM’s, COO’s, CFO’s, Operations managers and Engineers, Maintenance managers and Engineers, Administration managers, Technical managers, Purchase managers, HSE managers and HSE officers.
The MAP-1 session was followed by a two day “Regional H&S workshop” exclusively for Kahrabel H&S managers and H&S officers.
12 H&S managers and officers participated in this workshop. The main topics of the workshop were: health and safety networking group within the Kahrabel organization; risk assessment and mitigation techniques; Permit To Work system – problems, frequent mistakes and human errors; safety signage and pictograms on our sites and in our daily activities, Lock-Out Tag-Out techniques and implementation; control of hazardous materials to health; practical exercises and group assessments of situations on site.
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