Clifford Chance Advises Lenders in Oman’s 500MW Solar Project
International law firm Clifford Chance has provided legal counsel to the Export-Import Bank of Korea (KEXIM), Société Générale, and Bank Muscat as lenders for the 500MW Manah Solar Independent Power Producer (IPP) project in Oman.
The project, granted to a consortium featuring Korea Western Power Co., Ltd. (KOWEPO) from South Korea and EDF-Renewables from France, was secured through a Build-Own-Operate arrangement with Oman Power and Water Procurement Company (OPWP). Comprising two adjacent 500MW solar projects in Manah, this initiative is set to significantly elevate Oman’s renewable energy capacity by approximately 200%, reaching around 1550MW—three times its current 550MW. Oman aims for renewables to contribute roughly 40% to its electricity needs by 2040.
The Clifford Chance team was led by Abu Dhabi partner Richard Parris, with support from a core team in Abu Dhabi, Dubai and London including:
Abu Dhabi and Dubai: partners Mohamed Hamra–Krouha and Inaamul Laher, senior associates Greg Jehle, Georgina Roest and Paul Langley, associates Duaa Abbas and Leo Faingata’a and trainee solicitor Mehran Azzam.
London: partner Anne Drakeford, senior associate Tracy Poon and trainee solicitor Hannah McLellan.
