POWER PLANT EQUIPMENT

As the holding company of two power entities, SMN Barka and Al Rusail, SMN Power Holding SAOG combines 1,343 MW of power and 120,000 m3/day potable water capacity. The business model of both project companies held by SMN Power Holding SAOG, i.e. SMN Barka Power Company SAOC and Al Rusail Power Company SAOC, is based on a strong contractual framework, with solid and reliable partners. Back-to-back contracts significantly reduce the risks over a long-term period. The supply of the output to the off-taker OPWP, the gas supply from MOG, the operation and maintenance of the plants by the operator STOMO and the financing of the project, are all guaranteed over a long-term period of 15 years for SMN Barka and 17 years for Al Rusail.