Al Suwadi Power Company SAOG Announces Resignation of Al Suwadi Power Company SAOG as Independent Director and as Member of he Audit Committee

Al Suwadi Power Company SAOC is an Oman-based company, which is engaged in the generation of electric power. The Company owns, maintains and operates a power generating facility, Barka-3 power plant, a gas-fired combined cycle power generation plant with a contracted power capacity about 750 megawatt (MW) , located approximately 80 km northwest of Muscat in Oman, as well as associated gas interconnection facilities and other relevant infrastructure. The Company provides the electricity energy to Oman Power & Water Procurement Company SAOC. The Company’s plant consists of two gas turbines (GT), two triple pressure heat recovery steam generators (HRSG) and a steam turbine (ST). Its plant is operated and maintained throughout the term of the Power Purchase Agreement (PPA) by Suez Tractebel Operation and Maintenance Oman LLC (STOMO).