Oman Oil Company’s (OOC) South Korean joint venture, GS EPS, has inaugurated the largest biomass power plant in Asia with a capacity of 105 MW and investment cost of about $273m.
GS EPS is a joint venture in Korea between OOC (30%) and GS Holdings (70%). GS EPS, Korea’s independent power producer, held project completion ceremony for the plant, with presence of audiences including executives of GS Group and OOC, at GS EPS’s Bogok Industrial Complex, Dangjin, Chungnam Province, Korea.
“It is a great pleasure for OOC to witness the inauguration of the project completion with GS Holdings. This investment is part of the company’s integrated strategy to diversify its growing investments internationally,” said Hilal bin Ali al-Kharousi, vice president of emerging businesses at OOC.
“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.”
GS EPS biomass power plant will use palm kernel shell (PKS), an environmental friendly fuel as fuel for the plant and produce electricity by the steam turbine and circulating fluidized bed combustion (CFBC) type boiler.
The plant has capacity of producing electricity for 110 thousand people. Plus, it is very effective for carbon reduction, comparing to other conventional power plants.
