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GS Inima Environment wins desalination project worth $2.1 billion in Oman

  • GS Inima Environment wins desalination project worth $2.1 billion in Oman

GS Inima Environment, expert in environmental activities, announced on Sunday it had been awarded a seawater desalination project in Oman worth around $2.1 billion, the biggest in the company’s history, reports The Korea Herald.

The Spain-based firm will design and construct two independent water projects for the Oman Power & Water Procurement Company, consisting of the third phase desalination project at Al Ghubra desalination plant and the fifth phase project plan in Barka.

Both desalination facilities will be financed by GS Inima Environment and will be operated by the firm for twenty years. According to the subsidiary of GS Engineering & Construction, the Al Ghubra and Barka projects are expected to bring the company revenue of 1.6 trillion won and 697 billion won, respectively.

GS Engineering & Construction business division chief Huh Yoon-hong told The Korean Herald: “These projects are a long-term business that sells desalinated seawater at fixed price. GS Inima, which will be responsible for the financing and engineering, procurement and construction as well as the operation and the maintenance of the projects, will be able to run a stable business.”

The company will be adding an additional capacity of 100,000 cubic meters per day by the second quarter of 2024 to the Barka desalination facility, located 60 kilometers from the Al Ghubra desalination plant.

The contract also includes expanding the Al Ghubra desalination plant, which currently has a capacity of 191,000 cubic meters per day. Located in the capital of the country, Muscat, GS Inima Environment will increase its volume to process an additional 300,000 cubic meters of seawater per day by the second quarter of 2023. This will benefit approximately 1 million more people.

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